This Past Week in Gold

By: Jack Chan | Sat, Oct 13, 2012
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SPDR Gold Trust Shares
GLD - sell signal this week.


iShares Silver Trust
SLV - on sell signal.


Market Vectors Gold Miners
GDX - sell signal this week.


XGD.TO
XGD.TO - sell signal this week.


Central Fund of Canada
CEF - sell signal this week.


GLD

The divergence between gold and stocks has resulted in a sell off in both stocks and metals this week. If past history is a guide, a multi week correction is now in progress.

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

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