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This week in gold

Jack Chan
Aug 20, 2007

GLD - on sell signal.

SLV - remains on a sell signal.

GDX - remains on a sell signal.

XGD.TO - also remains on a sell signal.


All ETFs remain on sell signals as we continue to stay in cash and out of harm's way. The lows in June were violated except GLD this week and further weakness should be expected.

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 18, 2007
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

321gold Ltd