This past week in gold
Dec 22, 2008
GLD - on buy signal.
A very symmetrical rising channel is now established.
SLV - on buy signal.
GDX - on buy signal.
XGD.TO - on buy signal.
All four ETFs remain on buy signals this week.
The newly established rising channel in GLD will be an excellent guide for us going forward, because it will either confirm that a new bull leg is in progress, or the correction is not yet over.
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 20, 2008