This Past Week in Gold

By: Jack Chan | Sat, Sep 1, 2012
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SPDR Gold Trust Shares
GLD - on buy signal.


iShares Silver Trust
SLV - on buy signal.


Market Vectors Gold Miners
GDX - on buy signal.


XGD.TO
XGD.TO - on buy signal.


Central Fund of Canada
CEF - on buy signal.


SPDR Gold Trust Shares
Gold prices are finally testing upper resistance of this year long consolidation.


iShares Silver Trust
Silver is doing the same.........


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

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.

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