This Past Week in Gold - 11/6/2016

Experience, Creativity And Dedication To Finding And Presenting The Best Investment Ideas • Nov 6, 2016 at 4:18 AM EST

A bull market in gold and silver has been confirmed. The cycle is down but the trend has turned up. COT data is supportive of higher prices overall, but expect short-term volatility until the election is out of the way.

chancover_11-5-16

Our proprietary cycle indicator remains down.

chanhui111-5-16

The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.

chanhui211-5-16

The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders.

chanspec11-5-16

Speculation is rising from the level of the previous bottom.

changdx11-5-16

The trend has turned up.

chansilver11-5-16

Silver is on a long-term buy signal.

chanslv11-5-16

SLV is on a short-term buy signal. Short-term signals can last for days to weeks, more suitable for traders.

Summary
A bull market in gold and silver has been confirmed. The cycle is down but the trend has turned up. COT data is supportive of higher prices overall, but expect short-term volatility until the election is out of the way.

Disclosure:

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.
2) 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.
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Charts courtesy of Jack Chan