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Monday, 24 November 2014

Nov 24 BBBBB This past week in gold Jack Chan

This past week in gold

Jack Chan

GLD – on buy signal.
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SLV – on buy signal.
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GDX – on buy signal.
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XGD.TO – on buy signal.
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CEF – on buy signal.
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Our ratio confirms with a buy signal. Stocks are now outperforming gold.
Summary
Long term – on major sell signal since Mar 2012 when $HUI was at 550.
Short term – on buy signals.
Gold sector cycle – up as of 11/14.
COT data suggests a major bottom is not in yet for the metals.

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