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This past week in gold

Jack Chan
May 26, 2008

GLD - on buy signal.


SLV - buy signal this week.


GDX - on buy signal.


XGD.TO - on buy signal.

SLV finally joined the party this week.
The metal ETFs stay strong but stock ETFs are pulling back. For risk management, we have taken partial profits and reduced our exposure until the pullback is complete and new set ups are confirmed.

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 24, 2008
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

321gold Ltd