This past week in gold

 

By Jack Chan at www.simplyprofits.org

05/27/2017

 

 

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.

 

 

The multi month consolidation continues.

 

Summary

Long term – on major buy signal.

Short term – on buy signals.

Gold sector cycle is down.

A major consolidation is in progress.

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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