jack_chan's blog
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 - on sell signal.
SLV - on sell signal
GDX - on sell signal
XGD.TO - on sell signal.
Disclosure
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 – on buy signal
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
SLV - Buy signal this week
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