This Past Week in Gold

By: Jack Chan | Sun, Jan 1, 2012
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Season's greetings from all of us to all of you, wishing you peace and profits wherever you are!

SPDR Gold Trust Shares
GLD - on sell signal.


iShares Silver Trust
SLV - on sell signal.


Market vectors Gold Miners
GDX - on sell signal.


XGD.TO
XGD.TO - on sell signal.


Centrl Fund of Canada
CEF - on sell signal.


Summary
Long term - on major buy signal.
Short term - on sell signals.
Gold cycle is at levels of previous bottoms, therefore, new buy signals and set ups are actionable if risks are manageable.

 


 

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.

We also provide coverage to the major indexes and oil sector.

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TRUE MONEY SUPPLY

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