Technical analyst Jack Chan charts recent movements in the gold and silver markets. With COT data showing signs of a bottom, Chan is waiting for price action to confirm.
by Jack Chan
The Gold Report
Our proprietary cycle indicator is down but can be bottoming.
[…] 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.
[…] 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.
[…] Speculation has reached the level of the previous bottom.