This past week in gold
Jun 9, 2008
GLD - on sell signal.
SLV - on sell signal.
GDX - on sell signal.
XGD.TO - on sell signal.
All four ETFs are back on sell signals this week. Prices are
currently bound by support and resistance. We will remain neutral
until a clear break and upon new set ups.
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
Jun 7, 2008