This Past Week in Gold

By: Jack Chan | Sun, Apr 22, 2012
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SPDR Gold Trust Shares
GLD - on buy 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 - back to sell signal this week.


Summary
Long term - on major sell signal.
Short term - on mixed signals.
Gold cycle is now at levels of previous bottoms. However we are on major sell signal, therefore, new positions can be considered for trading and not long term holdings.

 

 

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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