This past week in gold

Jack Chan
www.simplyprofits.org
Jul 14, 2008

GLD - on buy signal.

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SLV - on buy signal.

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GDX - on buy signal.

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XGD.TO - on buy signal.

Summary
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.

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 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
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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