This past week in gold
Oct 4, 2010
GLD – on buy signal.
Becoming very overbought...
SLV – on buy signal.
Silver is now clearly overbought and going parabolic……
GDX – on buy signal.
XGD.TO – on buy signal.
Long term – on major buy signal.
Short term – on buy signals.
We continue to hold our core positions, and wait for new opportunities. Gold and silver are going parabolic, with very strong momentum. We are not chasing them at these levels.
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.
We also provide coverage to the major indexes and oil sector.
End of update
Oct 2, 2010