This past week in gold
Jul 14, 2008
GLD - on buy signal.
SLV - on buy signal.
GDX - on buy signal.
XGD.TO - on buy signal.
All four ETFs remain on buy signals this week. We had great set
ups on GLD and SLV, but waiting for more favorable set ups on
GDX and XGD.TO.
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 12, 2008