This past week in gold
Posted Mar 19, 2012
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – on sell signal.
$HUI finally broke down from the major support at the 500 area and should now become resistance. As long as $HUI stays below 500 by month end, a major sell signal will be confirmed.
Long term – on major buy signal.
Short term – on sell signals.
Only GLD and CEF are tradable upon new signals and set ups as long as their configs remain bullish.
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.
We also provide coverage to the major indexes and oil sector.
End of update
Mar 17, 2012