This past week in gold
Posted Aug 31, 2009
GLD – on buy signal.
SLV – on sell signal, barely.
GDX – on buy signal.
XGD.TO – buy signal this week.
We had text book set ups on two of the four ETFs this week, and risk was manageable. Looking for more set ups for further allocations.
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 29, 2009