This Past Week In Gold
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GLD - on buy signal.
Prices testing 200ema again.
SLV - on buy signal.
Consolidation continues.
GDX - on buy signal.
XGD.TO - on buy signal.
$HUI on long term sell signal since early this year.
Some public readers have requested a long term chart showing the major sell signal and here it is. I will post this chart periodically.
Long term signals are not suitable for short term trading, but for investors to either lighten up on their long term holdings, or to provide a hedge to manage risk.
Summary
Long term - on major sell signal.
Short term - on buy signals.
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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.
