Home   Links   Editorials

This past week in gold

Jack Chan
Posted Oct 24, 2016

GLD – on sell signal.

***

SLV – on sell signal.

***

GDX – on buy signal.

***

XGD.TO – on buy signal.

***

CEF – on sell signal.

***

GDX is testing resistance.

The Canadian gold stock ETF is also testing resistance.

Summary

Long-term – on major buy signal.
Short-term – on mixed signals.
Gold sector cycle – is down but can be bottoming.
Trend is down.
Correction continues but can end soon.

###

Oct 22, 2016
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.

321gold Ltd