This past week in gold

Jack Chan
Posted Jul 07, 2014

GLD – on buy signal.

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SLV – on buy signal.

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GDX – on buy signal.

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XGD.TO – on buy signal.

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CEF – on buy signal.

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A breakout above 250 will confirm the inverted head & shoulder bottom.

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Summary

Long term - on major sell signal since Mar 2012.
Short term - on buy signals.
Gold sector cycle - up as of 6/20.
This week's COT data not available at time of update, last week's COT data was already at levels of previous tops, therefore upside is limited and risk has increased for the sector, caution is advised.

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Jul 06, 2014
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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