This past week in gold

Jack Chan
Posted May 21, 2018

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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Speculation is in bull market values.

Speculation is at a multi-year low and yet prices are holding firm.

Keep your eyes on the big picture.

Summary

Long-term – on major buy signal.
Short-term – on sell signals.
Gold sector cycle is up.
COT data is supportive for overall higher metal prices.
Conditions are now favorable for higher prices in coming weeks and months.
We are holding long-term positions.

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May 19, 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.

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