Correction in Gold and Silver Underway

Technical analyst Jack Chan charts a correction in the gold and silver markets and plots his investment strategy.

by Jack Chan
The Gold Report

Our proprietary cycle indicator is down.

[…] We are short GLD with a tight stop.

[…] Our ratio remains on sell signal.

Summary

A bull market in gold and silver has been confirmed, but the cycle is down and a correction is in progress. We are short GLD with tight stops.

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