This past week in gold

Jack Chan
Posted Apr 23, 2012

GLD – on buy signal.

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SLV – on sell signal.

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GDX – on sell signal.

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XGD.TO – on sell signal.

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CEF – back to sell signal this week.

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Summary

Long term – on major sell signal.
Short term – on mixed signals.
Gold cycle is now at levels of previous bottoms. However we are on major sell signal, therefore, new positions can be considered for trading and not long term holdings.

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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.

End of update

Apr 21, 2012
Jack Chan

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email: jack@simplyprofits.org
website: www.simplyprofits.org

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