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This past week in gold

Jack Chan
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.

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 5, 2009
Jack Chan
email: jack@simplyprofits.org
website: www.simplyprofits.org

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