This Past Week in Gold

By: Jack Chan | Sat, Jul 19, 2014
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SPDR Gold Trust Shares Daily Chart
GLD - sell signal this week.

iShares Silver Trust Daily Chart
SLV - sell signal this week.

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

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

Central Fund of Canada Daily Chart
CEF - sell signal this week.

US Dollar Index Daily Chart
The dollar is tracing out an inverted head & shoulder bottoming pattern. A rallying dollar will not be friendly to the metals.

Long term - on major sell signal since Mar 2012.
Short term - on sell signals.
Gold sector cycle - up as of 6/20
COT data suggests a top is forming in metal prices.



Jack Chan

Author: Jack Chan

Jack Chan

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