This Past Week In Gold

July 6, 2013

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

Fed has done all it can to fix US economy's non-structural issues, now it must hike rates