This Past Week in Gold

By: Jack Chan | Sat, Mar 22, 2014
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SPDR Gold Trust Shares Daily Chart
GLD - new sell signal this week.


iShares Silver Trust Daily Chart
SLV - on sell signal.


Market Vectors Gold Miners Daily Chart
GDX - new sell signal this week.


XGD.TO Daily Chart
XGD.TO - new sell signal this week.


Central Fund of Canada Daily Chart
CEF - on sell signal.


SPDR Gold Trust Shares Daily Chart 2
The divergence between gold & silver gave us warning last week to a potential sell off.


Summary
Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - down as of 3/21, ending the up cycle since 12/27.

 


 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

Disclosure:
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