This Past Week In Gold

Jack Chan
Technical Analyst & Editor
July 27, 2013

This past week have witnessed buy signals in gold and precious metal equities – as all are on buy signals.



GLD – on buy signal.

 

SLV – on buy signal.

GDX – on buy signal.

 

XGD.TO – on buy signal.                              

CEF – on buy signal.


Summary

Long term – on major sell signal since Mar 2012.
Short term – on buy signals.
Gold sector cycle – up as of 7/13.


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.

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