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This past week in gold

Jack Chan
Apr 28, 2008

GLD - back to sell signal this week.


SLV - same here.


GDX - and here.


XGD.TO - here also.

All four ETFs reversed back to sell signals this week.

We continue to stay on the sideline as set ups from last week's buy signals were marginal, therefore, we avoided the whipsaws and potential losses.

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.

The gold sector is in a bull market, therefore, sell signals are signals to exit and not signals to sell short. In a bull market, we wait for buy signals and set ups to initiate or accumulate positions.

End of update

Apr 26, 2008
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

321gold Ltd