This week in gold
Sep 3, 2007
GLD - no buy signal yet.
SLV - buy signal this week.
GDX - buy signal this week.
XGD.TO - buy signal this week.
As anticipated from last week, buy signals returned to the gold
sector this week except GLD, which is fine; because we want to
be invested in gold stock ETFs when stocks outperform bullion,
and that is what has been taking place these past two weeks.
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
Sep 1, 2007