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This past week in gold

Jack Chan
May 19, 2008

GLD - buy signal this week.

SLV - still on sell signal.

GDX - buy signal this week.

XGD.TO - buy signal this week.

Three out of four ETFs are now on buy signals.

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

May 17, 2008
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

321gold Ltd