This Past Week in Gold

By: Jack Chan | Sat, Jun 23, 2012
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SPDR Gold Trust Shares
GLD - back to sell signal this week.


iShares Silver Trust
SLV - back to sell signal this week.


Market Vectors Gold Miners
GDX - back to sell signal this week.


XGD.TO
XGD.TO - back to sell signal this week.


Central Fund of Canada
CEF - on buy signal.


Summary
Long term - on major sell signal.
Short term - on mixed signals.
Most ETFs are back on sell signals this week. Counter trend trades often fail and that is why unless risks are manageable, we remain in cash often during a major sell signal and when configs are bearish.

 

 

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.

We also provide coverage to the major indexes and oil sector.

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