This past week in gold
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.
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 24, 2008