This Past Week In Gold: Playing For Short Term Bounces
Jack Chan | Sep 13, 2015 01:10AM ET
SPDR Gold Shares (NYSE:GLD) – on sell signal.
iShares Silver (NYSE:SLV) – on sell signal.
Market Vectors Gold Miners (NYSE:GDX) – on sell signal.
iShares S&P/TSX Global Gold (TO:XGD) – on sell signal.
Central Fund of Canada Ltd (NYSE:CEF) – on sell signal.
ARCA Gold BUGS long term trend remains solidly down.
h3 Summary/h3- Long term – on major sell signal since Mar 2012 when $HUI was at 550.
- Short term – on sell signals.
- Gold sector cycle – up as of 9/11.
- Traders can play for short term bounces.
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