This Past Week in Gold

By: Jack Chan | Fri, Apr 6, 2012
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SPDR Gold Trust Shares
GLD - on sell signal.


iShares Silver Trust
SLV - on sell signal.


Market Vecors Gold Miners
GDX - on sell signal.



XGD.TO - on sell signal.


Central Fund of Canada
CEF - on sell signal.


HUI:GLD

Until the trend on above chart is reversed, gold stocks will continue to under perform.


Summary
Long term - on major sell signal.
Short term - on sell signals.
We remain neutral and out of the gold sector until a cycle bottom and new buy signals.

 

 

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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