This past week in gold
Apr 21, 2008
GLD - buy signal this week.
SLV - buy signal this week.
GDX - buy signal this week.
XGD.TO - remains on buy signal from week before.
All four ETFs have buy signals this week. However, the set ups
were marginal and we chose to stay neutral, avoiding the sharp
swings and gaps. We will watch for better set ups this week.
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
Apr 19, 2008