This past week in gold
Jan 12, 2009
GLD - sell signal this week.
SLV - still on buy signal.
GDX - sell signal this week.
XGD.TO - sell signal this week.
All except one ETF are on sell signals this week.
Traders who are long should consider taking profits.
New money will wait for buy signals.
Aggressive traders can trade the short side if risks are manageable to you.
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.
End of update
Jan 10, 2009