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This past week in gold

Jack Chan
Posted Oct 13, 2014

GLD – new buy signal this week.


SLV – on sell signal.


GDX – new buy signal this week.


XGD.TO – new buy signal this week.


CEF – on sell signal.


Since our major buy signal on USD in 2011, both gold and silver have declined substantially. And now, the dollar is testing upper resistance, and upon a successful breakout, could affect the metals for a very long time to come.

USD has been basing since 2008, the year which the dollar ended its twenty three year bear market which started in 1985.


Long term – on major sell signal since Mar 2012.
Short term – on mixed signals.
Gold sector cycle – down as of 8/8.
COT data suggests a tradable bottom is not in yet for the metals.


Oct 11, 2014
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

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