This Past Week in Gold

By: Jack Chan | Sat, Feb 11, 2012
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SPDR Gold Trust Shares
GLD - on buy signal.


iShares Silver Trust
SLV - on buy signal.


Market Vectors Gold Miners
GDX - on buy signal.


XGD.TO
XGD.TO - on buy signal.


Central Fund of Canada
CEF - sell signal this week.


Summary
Long term - on major buy signal.
Short term - on mixed signals.
Gold stocks continue to under perform the metals which is a concern, but as long as the gold cycle is up, we stay long and will re-enter if we are stopped out.

 

 

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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