This past week in gold

 

By Jack Chan at www.simplyprofits.org

08/12/2017

 

 

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.

 

 

Speculative activity is supportive for overall higher gold prices

 

 

Speculative activity is supportive for overall higher silver prices.

 

Summary

Long term – on major buy signal.

Short term – on buy signals.

Gold sector cycle is up.

COT data is supportive for overall higher prices.

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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