This past week in gold

Jack Chan
Posted Oct 13, 2014

GLD – new buy signal this week.

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SLV – on sell signal.

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GDX – new buy signal this week.

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XGD.TO – new buy signal this week.

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CEF – on sell signal.

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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.

Summary

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.

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Oct 11, 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.

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