This past week in gold

Jack Chan
Posted Aug 1, 2016

GLD – on sell signal.

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SLV – on buy signal.

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GDX – on sell signal.

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XGD.TO – on buy signal.

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CEF – on sell signal.

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So far the rally has been a spike. No bull market is sustainable without a sharp correction, and it is not if but when that will happen.

Summary

Long term – on a new major buy signal, ending the major sell signal from early 2012.
Short term – on mixed signals.
Gold sector cycle – is now down.
Investors should consider accumulating gold stocks/ETFs at the next cycle bottom.

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Jul 30, 2016
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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