This week in gold
Feb 4, 2008
GLD - on buy signal as of 12/24.
Unless prices reverse up, we should see a sell signal next week.
SLV - on buy signal as of 12/24.
A key reversal on Friday.
GDX - on sell signal.
XGD.TO - on sell signal.
Unless the metal ETFs can reverse sharply up next week, they
will soon join the stock ETFs on the sell side. I noted the divergence
between stocks and metals in last week's update, and this week,
the metals finally showed some weakness with a sharp sell off
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End of update
Feb 2, 2008