first majestic silver

This Past Week In Gold And Silver

Technical Analyst & Editor
January 30, 2016

GLD – on buy signal.

SLV – on buy signal.

GDX – on buy signal.

XGD.TO – on buy signal.                                                                 

CEF – on buy signal.

The big picture remains the same: currently consolidating within a major down trend.

Summary

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

Short-term – on buy signals.

Gold sector cycle – down.

Only aggressive and nimble traders should participate in the current market condition.

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.    www.simplyprofits.org

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 every cubic mile of sea water there is 25 tons of gold
Top 5 Best Gold IRA Companies

Gold Eagle twitter                Like Gold Eagle on Facebook