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This week in gold

Jack Chan
Aug 13, 2007

GLD - on TLBSS this week.

SLV - remains on a sell signal.

GDX - remains on a sell signal.

XGD.TO - also remains on a sell signal.

Since being out of the markets three weeks ago, we are sitting in cash and waiting for new signals and set ups. As long as the June lows hold in the ETFs, we still expect a resolution to the upside in the weeks ahead.

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 11, 2007
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

321gold Ltd