Gold Price Exclusive Update

Technical Analyst & Editor
March 27, 2021

Our proprietary cycle indicator is now up.

To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short-term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.

Investors

During a major buy signal, investors can accumulate positions by cost averaging at cycle bottoms, ideally when prices are at or near the daily 200ema.

During a major sell signal, investors should be hedged or in cash.

Traders

Simply cost average in at cycle bottoms when prices are at or near the daily 200ema; and cost average out at cycle tops when prices are above the daily 50ema.

Gold sector remains on long-term BUY at the end of February.

GLD is on short-term buy signal.

GDX is on short-term buy signal.

XGD.to is on short-term buy signal.

GDXJ is on short-term buy signal.

Analysis

Our ratio is on a new BUY signal.

Speculation is increasing from the lowest level in years.

Gold is bouncing from major support.

GDX is bouncing from major support.

GDXJ is bouncing from major support.

XGD is bouncing from major support.

Summary

Long-term – on major BUY signal.

Short-term – on buy signals.

Gold sector cycle is now up.

The correction since August may have completed.

$$$ We are 50% invested. New money can buy at current prices for the long-term.

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.

********

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.


In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.
Top 5 Best Gold IRA Companies

Gold Eagle twitter                Like Gold Eagle on Facebook