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This Past Week in Gold

By: Jack Chan | Saturday, December 8, 2012

SPDR Gold Trust Shares
GLD - new sell signal this week.

iShares Silver Trust
SLV - on buy signal.

Market Vectors Gold Miners
GDX - on sell signal.

XGD.TO
XGD.TO - on sell signal.

Central Fund of Canada
CEF - new sell signal.

HUI:GLD

The long term ratio broke down this week, therefore, upon a cycle bottom and new buy signals, metal ETFs are preferred over stock ETFs.

Summary
Long term - on major sell signal.
Short term - on mixed signals.
Gold sector cycle - down as of Oct 13.

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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