This past week in gold

Jack Chan
Posted Dec 18, 2017

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.

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GDXJ – on sell signal.

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Speculation is in bull market values.

Open interests are now at levels of previous bottoms.

Speculation is now at levels of previous bottoms.

Summary

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.

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Dec 16, 2017
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.

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