This past week in gold
Posted Nov 29, 2010
GLD – on sell signal.
SLV – on buy signal.
GDX – on sell signal.
XGD.TO – on sell signal.
Long term – on major buy signal.
Short term – on mixed signals.
We continue to hold our core positions with a hedge in place to lock in profits. We will lift that hedge upon evidence that the correction has completed.
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
Nov 27, 2010