jack_chan's blog

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Global Index Update - 11-30-2008

Summary

All global indexes we track remain on major sell signals this month.
Long term investors are in cash or hedged and will remain so until major buy signals.

Here is our monthly update on major indexes for our international investors.

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Gold & Silver Trading Signals - 11/09/2008

Summary

Only GLD remains on a sell signal, and with the triangle consolidation, we could see one final spike to a new low. A lower low on the metals with higher lows in gold stocks would be a positive divergence and we can become aggressive buyers in the sector.

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Gold & Silver Trading Signals - 09/27/2008

Summary

All four ETFs remain on buy signals this week.


GLD – on buy signal.

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Gold & Silver Trading Signals - 09/07/2008

Summary

We were stopped out with a small loss because only one out of four ETFs had a set up. All four are now in a bearish config, which favors short set ups over long set ups. Obviously we will not short at these levels, but to wait for a rally when prices are at the EMA resistance.

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Gold & Silver Trading Signals - 08/31/2008

This Past Week In Gold

Long term investors – do not panic out of your core holdings until there is a monthly close below the seven year trendline support. 
 

Summary

All four ETFs are on buy signals this week. We had one set up and waiting on the other three. 
 

GLD streetTRACKS gold trust shares on buy signal

GLD - on buy signal.

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Gold & Silver Trading Signals - 08/10/2008

GLD streetTRACKS Gold Trust Shares on Sell Signal

GLD - On Sell Signal

SLV iShares Silver Trust on Sell Signal

SLV - On Sell Signal

GDX Market Vectors Gold Miners on Sell Signal

GDX - On sell signal

XGD.TO  on Sell Signal

XGD.TO - On Sell Signal

Summary

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Gold & Silver Trading Signals - 08/03/2008

GLD on a sell signal

GLD – on sell signal.

SLV on Sell signal

SLV - on sell signal.

GDX on Sell Signal

GDX - on sell signal.

XGD.TO on sell signal

XGD.TO - on sell signal.

Summary

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GLD Back on Sell Signal This Week

GLD – back to a sell signal this week.
Stopped out with a small profit.

SLV Silver iShares on a Sell Signal This Week

SLV – also sell signal this week.
Stopped out at breakeven.

GDX Market Vectors Gold Miners ETF on Sell Signal This Week

GDX – sell signal this week.
Stopped out with a small loss.

XGD.TO iShares on a Sell Signal This Week

XGD.TO – remains on sell signal from previous week.
No position taken as there was no set up.

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This Week In Gold - 07/13/2008
by Jack Chan

GLD -streetTRACKS Gold Trust Shares on Buy Signal

GLD - on buy signal

SLV - iShares Silver Trust on a buy signal

SLV - on buy signal

GDX Market Vectors Gold Miners on a buy Signal

GDX - on buy signal

XGD.TO iShares CDN S&P/TSX Global Gold Index Fund on a buy signal

XGD.TO - on a buy signal

Summary

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This Past Week in Gold
by Jack Chan

All four ETFs are on buy signal. We continue to stay neutral until there are favorable set ups.

GLD on a buy signal

GLD - on buy signal

SLV on buy signal
SLV - on buy signal

GDX on buy signal
GDX - on buy signal

XGD.TO on buy signal
GDX.TO - on buy signal

Disclosure

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This Past Week In Gold
by Jack Chan

Three out of four ETFs are now on buy signals. Since the major top in mid March, both buy and sell signals have failed to establish a trend to trade with. Lets wait and see if an up trend can be established from this week’s price action.

GLD Chart 06/29/2008 - on buy signal

GLD - buy signal this week.

SLV Silver iShares still consolidating

SLV - still consolidating

GDX still consolidating

GDX - buy signal this week.

XGD.TO on buy signal this week

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This Past Week in Gold

by Jack Chan

Summary

Since topping in March, both buy and sell signals have failed to establish a trend, thus resulting in the current multi month consolidation. We continue to stay neutral.

GLD Analysis - Jack Chan

GLD – on sell signal.

SLV on Sell Signal

SLV - on sell signal

GDX on sell signal

GDX - on sell signal

XGD.TO on a sell signal

XGD.TO - on sell signal

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by Jack Chan

Summary

All four ETFs are back on sell signals this week. Prices are currently bound by support and resistance. We will remain neutral until a clear break and upon new set ups.

GLD 06-08-2008

GLD - on sell signal.

 SLV on sell signal

SLV - on sell signal

GDX on sell signal

GDX - on sell signal

XGD.TO on sell signal

XGD.TO - on sell signal.

Disclosure

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by Jack Chan

All four ETFs remain on buy signals this week technically, however, trendline support is broken and we will stay neutral for now. We were stopped out with a small profit overall.

GLD gold signals

GLD – on buy signal

SLV Silver Trust iShares

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This past week in gold

Summary

SLV finally joined the party this week.

The metal ETFs stay strong but stock ETFs are pulling back. For risk management, we have taken partial profits and reduced our exposure until the pullback is complete and new set ups are confirmed.

GLD - On Buy Signal

GLD - on buy signal

SLV  - on buy signal

SLV - Buy signal this week

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