This past week in gold

Jack Chan
Posted Oct 14, 2013

GLD – on sell signal.

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SLV – on sell signal.

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GDX – on sell signal.

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XGD.TO – on sell signal.

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CEF – on sell signal.

The weekly configuration has turned bearish for the first time in 11 years, and such a long term trend does not reverse until it has run its course. As a trend follower, I must respect that.

Summary

Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - down as of 9/13.

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Oct 12, 2013
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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