This past week in gold
Posted Sep 21, 2009
GLD – on buy signal.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
All four ETFs remain on buy signals. The moving averages are slowly catching up, therefore, a trading range for about three more weeks will likely provide new set ups to further accumulate positions without threats to our current positions. Any pullback should not be deep enough to stop us out if the breakout is legit.
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 19, 2009