Home   Links   Editorials

This week in gold

Jack Chan
written Jun 23, 2007
posted Jun 26, 2007

$HUI - is on buy signal.

$XAU - also on buy signal.

GDX - on buy signal, waiting for a set up.

XGD.TO - on buy signal, waiting for set up.

This ETF is now in a bearish configuration, therefore, any buy signal is presumed to be a counter trend trade; buyers beware.

The gold sector and its ETFs are on a buy signal. However, conditions to buy were not met and we will stay in cash until a low risk set up. To enter the market, we need signals, set ups, and stops.

Disclosure: 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 26, 2007
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

321gold Ltd