This Past Week in Gold

By: Jack Chan | Sat, Aug 18, 2012
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SPDR Gold Trust Shares
GLD - on buy signal.

Prices testing 200ema again.

iShares Silver Trust
SLV - on buy signal.

Consolidation continues.

Market Vectors Gold Miners
GDX - on buy signal.

XGD.TO - on buy signal.

Central Fund of Canada
CEF - on buy signal.

Gold Bugs Index
$HUI on long term sell signal since early this year.

Some public readers have requested a long term chart showing the major sell signal and here it is. I will post this chart periodically.

Long term signals are not suitable for short term trading, but for investors to either lighten up on their long term holdings, or to provide a hedge to manage risk.

Long term - on major sell signal.
Short term - on buy signals.



Jack Chan

Author: Jack Chan

Jack Chan

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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