This Past Week in Gold

By: Jack Chan | Sat, Mar 17, 2012
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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.


Central Fund of Canada
CEF - on sell signal.


Gold Bugs Index

$HUI finally broke down from the major support at the 500 area and should now become resistance. As long as $HUI stays below 500 by month end, a major sell signal will be confirmed.


Summary
Long term - on major buy signal.
Short term - on sell signals.
Only GLD and CEF are tradable upon new signals and set ups as long as their configs remain bullish.

 


 

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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austrian-money-supply/