This week in gold
Dec 10, 2007
GLD - on sell signal.
SLV - on sell signal.
GDX - on sell signal.
XGD.TO - on sell signal.
All ETFs remain on sell signals, as traders continue to sit in
However, prices have broken
resistance on SLV, GDX, and XGD.TO; and therefore, we are very
close to fresh buy signals in the sector which can occur this
Investors continue to hold
core positions from our August buy signals, and can add to positions
upon new 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
Dec 8, 2007