{"id":95248,"date":"2016-09-07T10:15:54","date_gmt":"2016-09-07T14:15:54","guid":{"rendered":"http:\/\/countingpips.com\/?p=95248"},"modified":"2016-09-07T10:15:54","modified_gmt":"2016-09-07T14:15:54","slug":"what-to-consider-as-gold-correction-continues","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/09\/what-to-consider-as-gold-correction-continues\/","title":{"rendered":"What to Consider as Gold Correction Continues"},"content":{"rendered":"
September 7, 2016<\/div>
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By The Gold Report<\/strong><\/p>\n

https:\/\/www.theaureport.com\/pub\/na\/what-to-consider-as-gold-correction-continues<\/a><\/p>\n

With a correction in progress, technical analyst Jack Chan charts the indices precious metals investors should be watching.<\/p>\n

\"gld_sept_7\"<\/a><\/p>\n

GLD is on sell signal.<\/p>\n

\"ChanSLV\"
\nSLV is on sell signal.<\/p>\n

\"ChanGDX\"
\nGDX is on sell signal.<\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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\r\n
<\/div>\n

\"ChanXGD\"
\nXGD.TO is on sell signal.<\/p>\n

\"ChanCEF\"
\nCEF is on sell signal.<\/p>\n

\"ChanUSD\"
\nUSD is on buy signal.<\/p>\n

Summary<\/b>
\nLong term: on a major buy signal.
\nShort term: on sell signals.
\nGold sector cycle is down.<\/p>\n

Investors should consider accumulating gold stocks\/ETFs at the next cycle bottom as a correction is in progress.<\/p>\n

Jack Chan <\/a> is the editor of simply profits at www.simplyprofits.org<\/a>, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the U.S. dollar bottom in 2011.<\/i><\/p>\n

Want to read more Gold Report<\/i> interviews like this? Sign up<\/a> for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators, visit our Streetwise Interviews<\/a> page.<\/p>\n

Disclosure:
\n<\/b>1) Statements and opinions expressed are the opinions of Jack Chan and not of Streetwise Reports or its officers. Jack Chan is wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the article preparation or editing so the author could speak independently about the sector. The author was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
\n2) Jack Chan: 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. We also provide coverage to the major indexes and oil sector.
\n3) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer<\/a>. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
\n4) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their families are prohibited from making purchases and\/or sales of those securities in the open market or otherwise during the up-to-four-week interval from the time of the interview until after it publishes.<\/p>\n

Charts courtesy of Jack Chan<\/p>\n

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By The Gold Report https:\/\/www.theaureport.com\/pub\/na\/what-to-consider-as-gold-correction-continues With a correction in progress, technical analyst Jack Chan charts the indices precious metals investors should be watching. GLD is on sell signal. SLV is on sell signal. GDX is on sell signal. XGD.TO is on sell signal. CEF is on sell signal. USD is on buy signal. Summary Long […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-95248","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/95248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=95248"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/95248\/revisions"}],"predecessor-version":[{"id":95280,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/95248\/revisions\/95280"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=95248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=95248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=95248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}