This past week in gold

Jack Chan
Posted Aug 27, 2012

GLD – on buy signal.
A breakout this week.

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SLV – on buy signal.
A breakout this week.

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GDX – on buy signal.
Prices now testing 200ema resistance.

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XGD.TO – on buy signal.

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CEF – on buy signal.
A breakout this week.

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The breakout in gold this week has attracted a lot of attention, and much more upon a breakout of this year long consolidation.

Summary

Long term – on major sell signal.
Short term – on buy signals.

Gold section ETFs are tradable but not holding for the long term until we have a major buy signal again.

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Aug 25, 2012
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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