This past week in gold
Nov 2, 2009
GLD – sell signal this week.
SLV – sell signal this week.
GDX – on sell signal.
XGD.TO – on sell signal.
Long term – we are on a major buy signal.
Short term – All four ETFs are now on sell signals, a correction is in progress.
We are holding a core position and look to add to positions upon new buy signals and 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 31, 2009