This past week in gold
Posted Aug 15, 2011
GLD – on buy signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – buy signal this week but no set up yet.
CEF – sell signal this week.
Long term – on major buy signal.
Short term – on mixed signals.
We took profits these past two weeks and shall now wait for new signals and set ups.
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.
We also provide coverage to the major indexes and oil sector.
End of update
Aug 13, 2011