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This Past Week In Gold

Jack Chan

Technical Analyst & Editor

September 2, 2012

GLD - on buy signal.

SLV - on buy signal.

GDX - on buy signal.

XGD.TO - on buy signal.

Gold prices are finally testing upper resistance of this year long consolidation.

Silver is doing the same………

Summary

Long term - on major sell signal.
Short term - on buy signals.
Gold sector ETFs are tradable but not holding for the long term until we have a major buy signal again.

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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.