This past week in gold

Jack Chan
Posted May 13, 2013

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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For the benefits of newcomers who are unfamiliar with this long term chart between gold and USD, it is a constant reminder that we must exercise caution when taking on new positions in the gold sector as evidence suggests that gold has peaked and the dollar has bottomed for the long term until proven otherwise.

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Summary

Long term - on major sell signal.
Short term - on sell signals.
Gold sector cycle - down as of 4/05.

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May 11, 2013
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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