This Past Week in Gold

By: Jack Chan | Sat, May 12, 2012
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SPDR Gold Trust Shares
GLD - back to sell signal this week as prices broke down from the consolidation.


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.


Summary
Long term - on major sell signal.
Short term - on sell signals.
Both long and short term on sell signals and cycle is down. Patience and cash are positions.

 

 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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