This past week in gold

 

By Jack Chan at www.simplyprofits.org

09/16/2017

 

 

GLD – on buy signal.

 

 

SLV – on buy signal.

 

 

GDX – on buy signal.

 

 

XGD.TO - on sell signal.

                                                                       

 

CEF – on buy signal.

 

 

GDXJ – on sell signal.

 

 

Speculative activity favors overall higher gold prices.

 

 

Speculative activity favors overall higher silver prices.

 

 

Gold stocks pulled back from resistance as expected this week. Should see a consolidation here before breaking out again.

 

Summary

Long term – on major buy signal.

Short term – on mixed signals.

Gold sector cycle is up.

COT data is supportive for overall higher metal prices.

We are holding long term positions.

 

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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