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This past week in gold

Jack Chan
Posted Oct 30, 2017

GLD – on sell 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 sell signal.


GDX – on sell signal.


XGD.TO – on sell signal.


CEF – on sell signal.


GDXJ – on sell signal.


Speculative activity favors overall higher gold prices.

Speculative activity favors overall higher silver prices.

Gold stocks relative to gold is now at the most oversold level in a year.


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


Oct 28, 2017
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

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.

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