This past week in gold

Jack Chan
Posted Dec 27, 2017

GLD – on buy signal.

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SLV – on buy signal.

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GDX –on buy signal.

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XGD.TO –on buy signal.

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CEF –on buy signal.

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GDXJ – on buy signal.

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Speculation is in bull market values.

Open interests are at levels of previous bottoms.

Speculation is at levels of previous bottoms.

Summary

Long-term – on major buy signal.
Short-term – on buy signals.
Gold sector cycle is up, suggesting that the multi-month correction is complete.
COT data is supportive for a bottom in the metals.
We are holding long-term positions.

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Dec 23, 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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