This past week in gold
Posted May 28, 2012
GLD – on sell signal.
SLV – on sell signal.
GDX – new buy signal this week.
XGD.TO – new buy signal this week.
CEF – on sell signal.
Long term – on major sell signal.
Short term – on mixed signals.
Gold cycle has bottomed with some new buy signals this week. A pullback will provide low risks trading positions.
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.
We also provide coverage to the major indexes and oil sector.
End of update
May 26, 2012