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This past week in gold

Jack Chan
Posted Dec 11, 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.


Open interests in gold has dropped drastically from the recent pullback, now reaching levels of previous bottoms.

Speculative activity in silver is now at levels of previous bottoms.

A potential head & shoulder topping pattern in the dollar, and upon a breakdown, will be very supportive to the metals.


Long-term – on major buy signal.
Short-term – on sell signals.
Gold sector cycle is down as the multi month consolidation continues.
COT data is now supportive for a bottom in the metals.
We are holding long-term positions.


Dec 9, 2017
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

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