This past week in gold
Aug 30, 2008
GLD - buy signal this week.
SLV - buy signal this week.
GDX - on buy signal.
XGD.TO - on buy signal.
Long term investors - do not panic out of your core holdings until there is a monthly close below the seven year trendline support.
All four ETFs are on buy signals this week. We had one set up and waiting on the other three.
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 setups
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 29, 2008