This Past Week in Gold

By: Jack Chan | Sat, Nov 19, 2011
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SPDR Gold Trust Shares
GLD - new sell signal.


iShares Silver Trust
SLV - new sell signal.


Market vectors Gold Miners
GDX - new sell signal.


XGD.TO
XGD.TO - new sell signal.


Central Fund of Canada
CEF - new sell signal.


Summary
Long term - on major buy signal.
Short term - on sell signals.
No harm done as we were invested on the short side and did not trade the recent buy set ups.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
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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Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/