This week in gold
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