This week in gold
Jan 28, 2008
GLD - on buy signal as of 12/24.
SLV - on buy signal as of 12/24.
GDX - on sell signal.
XGD.TO - on sell signal.
The metals ETFs continue to be on buy signals while the stock
ETFs have moved to a sell signal. This divergence between metals
and stocks often leads to a correction in both, unless this time
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 26, 2008