This past week in gold
Jun 8, 2009
GLD – on buy signal as of early May.
SLV – same here.
GDX – sell signal this week.
This last buy set up produced an 18% profit.
XGD.TO – sell signal this week.
Unlike GDX, this Cdn ETF only produced a tiny profit, due mainly to the extreme currency fluctuation of the past few weeks.
Two out of the four ETFs gave us sell signals this week.
The other two should follow.
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.
End of update
Jun 6, 2009