This past week in gold
Apr 27, 2009
GLD – buy signal this week.
SLV – buy signal this week.
GDX – sell signal.
XGD.TO – on sell signal.
Two out of four ETFs have buy signals this week. If these signals are legit, the other two should follow soon. What is unusual is the fact that the metal ETFs are leading. As always, we wait for set ups to take positions.
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 25, 2009