Home   Links   Editorials

This past week in gold

Jack Chan
Posted Aug 4, 2014

GLD – on sell signal.

***

SLV – on sell signal.

***

GDX – on sell signal.

***

XGD.TO – on sell signal.

***

CEF – on sell signal.

***

Gold is now in a 13 month consolidation, and if the bear market continues, we should see a breakdown in coming months.

A breakout on USD is not supportive for metal prices.

Summary

Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - up as of 6/20.
COT data suggests a top is in for the metals.

###

Aug 2, 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.

We also provide coverage to the major indexes and oil sector.

321gold Ltd