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This Past Week in Gold

By: Jack Chan | Friday, December 21, 2012

Season's greetings!

SPDR Gold Trust Shares
GLD - on sell signal.

iShares Silver Trust
SLV - on sell signal.

Market Vectors Gold Miners
GDX - buy signal was short lived, quite common during a down cycle.

XGD.TO
XGD.TO - on sell signal.

Central Fund of Canada
CEF - on sell signal.

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

We also provide coverage to the major indexes and oil sector.