This week in gold
Aug 27, 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 this week. However, prices have
firmed up from a very oversold level, and if prices can remain
firm the next few days, we will see buy signals coming back to
the gold sector.
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 25, 2007