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This past week in gold

Jack Chan
Posted May 25, 2015

GLD – on buy signal.


SLV – on buy signal.


GDX – on sell signal.


XGD.TO – on buy signal.


CEF – on buy signal.


Gold stocks remained locked in a major down trend and until this trend is reversed, buyers beware.

According to COT data, silver is making another top with much lower prices in coming weeks.


Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on mixed signals.
Gold sector cycle – down as of 5/16.
Caution is advised.


May 23, 2015
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

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