This past week in gold


By Jack Chan at




GLD – on buy signal.



SLV – on buy signal.



GDX – on buy signal.



XGD.TO - on buy signal.



CEF – on buy signal.



GDXJ – on buy signal.



Speculation in gold is at a multi year low.




Speculation in silver is at a multi year low.



The multi month consolidation is near completion.



Long term – on major buy signal.

Short term – on buy signals.

Gold sector cycle is down.

A major consolidation is in progress but now near completion.

Holding long for long term gains.



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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