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This past week in gold

Jack Chan
Posted Oct 23, 2017

GLD – on buy signal.

In a bull market, the 200ema often acts as support for pullbacks and corrections, where investors accumulate positions for the long-term.


SLV – on buy signal.


GDX – on sell signal.


XGD.TO – on sell signal.


CEF – on buy signal.


GDXJ – on sell signal.


Speculative activity favors overall higher gold prices.

Speculative activity favors overall higher silver prices.

A potential inverted head & shoulder pattern is in progress, and if the dollar breaks out, the metals may correct further, thus delaying a new leg of the gold bull market.


Long-term – on major buy signal.
Short-term – on mixed signals.
Gold sector cycle is down.
COT data is supportive for overall higher metal prices.
We are holding long-term positions.


Oct 21, 2017
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

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