This past week in gold

 

By Jack Chan at www.simplyprofits.org

06/24/2017

 

 

GLD – on sell signal.

 

 

SLV – on sell signal.

 

 

GDX – on sell signal.

 

 

XGD.TO - on sell signal.

                                                                       

 

CEF – on sell signal.

 

 

GDXJ – on buy signal.

 

 

The trend in gold is up.

 

 

The multi month consolidation is now near completion as prices bounced firmly off lower support.

 

Summary

Long term – on major buy signal.

Short term – on mixed signals.

Gold sector cycle is down.

A major consolidation is in progress but now near completion.

Holding long for long term gains.

 

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.

 

End of update

 



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