first majestic silver

This Past Week In Gold

Technical Analyst & Editor
November 22, 2014

COT data suggests a major bottom is not in yet for the metals.

gold trust shares 21-nov-2014

GLD – on buy signal.

silver shares trust 21-nov-2014

SLV – on buy signal.

GDX market vectors gold miners 21-nov-2014

GDX – on buy signal.

global gold index

XGD.TO – on buy signal.                                                                       

CEF central fund of canada 21-nov-2014

CEF – on buy signal.

gold bugs SPDR 21-nov-2014

Our ratio confirms with a buy signal. Stocks are now outperforming gold.

Summary

Long term – on major sell signal since Mar 2012 when $HUI was at 550.

Short term – on buy signals.

Gold sector cycle – up as of 11/14.

COT data suggests a major bottom is not in yet for the metals.

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.


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