This Past Week in Gold

By: Jack Chan | Sun, Jul 22, 2012
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SPDR Gold Trust Shares
GLD - on buy signal.

Buy/sell signals within a consolidation are potential whipsaws.


iShares Silver Trust
SLV - on buy signal.


Market vectors Gold Miners
GDX - on sell signal.


XGD.TO
XGD.TO - on sell signal.


Central Fund of Canada
CEF - on sell signal.


HUI:GLD
The ratio between gold and gold stocks has been a reliable leading indicator for us since 2003, and it continues to work beautifully. Until this intermediate trend reverses (up), any buy signals or set ups could be premature.


Summary
Long term - on major sell signal.
Short term - on mixed 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.

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

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