This past week in gold
By Jack Chan at www.simplyprofits.org
GLD – on sell signal.
SLV – on sell signal.
GDX – buy signal this week.
XGD.TO – buy signal this week.
Long term – on a major buy signal.
Short term – on mixed signals.
We continue to hold our core positions, fully hedged.
Waiting for the downtrend since Dec to be broken and a new uptrend to establish before taking on more positions.
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.