This Past Week In Gold: Still Playing For Short Term Bounces
Jack Chan | Sep 20, 2015 03:32AM ET
SPDR Gold Shares (NYSE:GLD) – on buy signal.
iShares Silver (NYSE:SLV) – on buy signal.
Market Vectors Gold Miners (NYSE:GDX) – on buy signal.
iShares S&P/TSX Global Gold (TO:XGD) – on sell signal.
Central Fund of Canada Ltd (NYSE:CEF) – on buy signal.
h3 Summary/h3- Long term – on major sell signal since Mar 2012 when HUI was at 550.
- Short term – on mixed signals.
- Gold sector cycle – up as of 9/11.
- Traders can play for short term bounces.
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.
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