This Past Week in Gold

By: Jack Chan | Sat, Sep 8, 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.


Summary
Long term - on major sell signal.
Short term - on buy signals.
The metals have broken out of the year long consolidation, and we should see new highs in coming months. Any pullback/correction is buyable as long as the cycle is up.

 

 

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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