This past week in gold
Posted Oct 5, 2009
GLD – on sell signal.
SLV – on sell signal.
GDX – on sell signal.
XGD.TO – on sell signal.
Long term – we are back on a major buy signal.
Short term – all four ETFs remain on sell signals this week.
We are holding a core position and look to add to positions upon new set ups.
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
Oct 3, 2009