This Past Week in Gold

By: Jack Chan | Sat, Aug 25, 2012
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SPDR Gold Trust Shares
GLD - on buy signal.

A breakout this week.


iShares Silver Trust
SLV - on buy signal.

A breakout this week.


Market Vectors Gold Miners
GDX - on buy signal.

Prices now testing 200ema resistance.


XGD.TO
XGD.TO - on buy signal.


Central Fund of Canada
CEF - on buy signal.

A breakout this week.


SPDR Gold Trust Shares

The breakout in gold this week has attracted a lot of attention, and much more upon a breakout of this year long consolidation.


Summary
Long term - on major sell signal.
Short term - on buy signals.
Gold sector ETFs are tradable but not holding for the long term until we have a major buy signal again.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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