Our year end positions in the gold sector
Unlike other analysts, I do not provide predictions or forecasts in Januray [January. hey Jack use your spellchecker] every year. We stay true to our trading models, and this is our current position as 2006 ended and 2007 just begun.
We have a long term sell signal on the $HUI, therefore, no core positions should be held until a buy signal again.
GDX is on a sell signal, US traders should be short or in cash.
XGD.TO is on a sell signal, Canadian traders should be short or in cash.
Thank you for your support in 2006 and look forward to another productive year in 2007.
End of update