This past week in gold

Jack Chan
Posted Apr 16, 2018

GLD – on buy signal.

***

SLV – on buy signal.

***

GDX – on buy signal.

***

XGD.TO – on buy signal.

***

CEF – on buy signal.

***

GDXJ – on buy signal.

***

Speculation is in bull market values.

Speculation remains near recent new low and yet prices are holding firm.

This is a massive bottoming pattern four years in the making, with prices currently testing resistance.

Zooming in, it clearly shows a cup with handle pattern in progress within the larger bottoming pattern.

Summary

Long-term – on major buy signal.
Short-term – on buy signals.
Gold sector cycle is up.
COT data is supportive for overall higher metal prices.
We are holding long-term positions.

###

Apr 14, 2018
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

Disclosure
We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.

We also provide coverage to the major indexes and oil sector.

321gold Ltd