This Past Week in Gold
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GLD - new sell signal this week.
SLV - on buy signal.
GDX - on sell signal.
XGD.TO - on sell signal.
The long term ratio broke down this week, therefore, upon a cycle bottom and new buy signals, metal ETFs are preferred over stock ETFs.
Summary
Long term - on major sell signal.
Short term - on mixed signals.
Gold sector cycle - down as of Oct 13.
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Jack Chan is the editor of Simply Profits, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the US dollar bottom in 2011.
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