This past week in gold

Jack Chan
Posted Jun 29, 2015

GLD – buy signal failed, which is common during a down cycle.

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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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Support failed as the long term down trend continues.

Since topping in 2011, gold sector has broken down from each and every consolidation which has taken place consistently in every calendar year. Until this long term trend is reversed, buyers beware.

Summary

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

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Jun 27, 2015
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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