This past week in gold

Jack Chan
Posted May 1, 2017

GLD – on sell 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 – on sell signal.

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GDXJ - on sell signal.

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A correction has morphed into a consolidation, and the longer time it takes, the mightier the eventual breakout..

Summary

Long-term – on major buy signal.
Short-term – on sell signals.
Gold sector cycle is down.
A major consolidation is in progress.
Holding long for long-term gains.

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Apr 29, 2017
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.

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