This Past Week In Gold
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
USD – on major buy signal since Nov 2011, and until that changes, the mighty dollar is the preferred currency over gold.
Long term – on major sell signal since Mar 2012.
Short term – on sell signals.
Gold sector cycle – continues to whipsaw.
Jack Chan began investing in 1976, and became an active trader in 1998 using technical analysis. He began sharing my trading model with a few like-minded fellow traders in 2001, and the circle began to grow. The teaching and mentoring became a full time job, and by late 2003, he had to leave the family business and launched his advisory service in early 2004. Visit his website at www.simplyprofits.org.