This past week in gold
Posted Apr 16, 2012
GLD – new buy signal this week.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
CEF – new buy signal this week.
Long term – on major sell signal.
Short term – on mixed signals.
Gold cycle is now at levels of previous bottoms. We have two new buy signals this week, and trading positions can be considered if risks are manageable.
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
Apr 14, 2012