This Past Week In Gold Jack Chan www.simplyprofits.org November 8, 2008
GLD - on sell signal. A triangle consolidation is in progress.
SLV - on buy signal.
GDX - on buy signal.
XGD.TO - on buy signal.
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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