This past week in gold
Posted Jun 15, 2009
GLD – sell signal this week ending the buy signal from early May.
SLV – same here.
GDX – sell signal last week.
XGD.TO – sell signal last week.
All four ETFs are now on sell signals, ending the buy signals from early May.
Set ups on all four were profitable with GDX and SLV outperforming GLD and XGD.TO. Traders now stay in cash until new buy signals and 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.
End of update
Jun 13, 2009