This week in gold
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
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