This Past Week In Gold

June 18, 2011


GLD - sell signal this week.

SLV - on buy signal.

GDX - on sell signal.

XGD.TO - on sell signal.


Long term - on major buy signal.
Short term - on mixed signals.
Not much to do but to wait for new signals and set ups.


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. We also provide coverage to the major indexes and oil sector.

Jack Chan is the editor of simply profits at, 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.

Nearly 40 percent of all gold ever mined was recovered from South African rocks.