Home   Links   Editorials

This past week in gold

Jack Chan
Posted Aug 25, 2014

GLD – back to sell signal this week.


SLV – on sell signal.


GDX – back to sell signal this week.


XGD.TO – back to sell signal this week.


CEF – on sell signal.


The inverted head & shoulder bottom has yet to materialize as prices have trouble breaking resistance so far.


Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - down as of 8/8.
COT data suggests a top is in for the metals.


Aug 23, 2014
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

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