This week in gold

Jack Chan
www.simplyprofits.org
written Aug 4, 2007
posted Aug 6, 2007

GLD - remains on a buy signal.

SLV - remains on a sell signal.

GDX - remains on a sell signal.

XGD.TO - also on a sell signal.

Summary
Since being stopped out two weeks ago, we remain neutral and in cash until further set ups. Volatility can be sharp this coming week due to the FOMC decision on rates. As always, to enter the markets, 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

Aug 4, 2007
Jack Chan
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email: jack@simplyprofits.org
website: www.simplyprofits.org

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