This past week in gold
Oct 20, 2008
GLD - sell signal this week joining the other three ETFs.
SLV - on sell signal.
GDX - on sell signal.
XGD.TO - on sell signal.
All four ETFs are on sell signals.
Risk management has kept us on the sideline and out of harm's way during the current extremely volatile market conditions. Cash is a position too and we will stay there until conditions improve.
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 18, 2008