This past week in gold
Jul 7, 2008
GLD - on buy signal.
SLV - buy signal this week.
GDX - on buy signal.
XGD.TO - on buy signal.
All four ETFs are on buy signal. We continue to stay neutral until there are favorable 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 setups
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 setups to initiate or accumulate positions.
End of update
Jul 5, 2008