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This past week in gold

Jack Chan
Posted Mar 23, 2015

GLD – new buy signal this week.


SLV – new buy signal this week.


GDX – on sell signal.


XGD.TO – on sell signal.


CEF – new buy signal this week.


Speculation in gold has reached levels of previous bottoms typical of a bear market, should see a bounce in the near term.


Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on mixed signals.
Gold sector cycle – down as of 2/07, ending the up cycle since November.
Cot data favors a bounce.


Mar 21, 2015
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

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