This past week in gold
Posted Sep 7, 2009
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
All four ETFs are on buy signals and we had great set ups. Gold sector had a great week and prices are now high above the moving averages. Ideally, I would like to see a consolidation for at least a few days to a few weeks so that the MAs can catch up to price, where we may have more set ups for further accumulations.
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End of update
Sep 5, 2009