This past week in gold
May 12, 2008
GLD on sell signal.
SLV on sell signal.
GDX on sell signal.
XGD.TO on sell signal.
All four ETFs are bound by TL resistance and TL support.
A break above and we will have new buy signals.
below and the correction continues.
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.
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
May 10, 2008