This past week in gold

This past week in gold
By Jack Chan at www.simplyprofits.org
01/07/2012

GLD – on buy signal.
SLV – on buy signal.

GDX – on buy signal.
XGD.TO – on buy signal.
CEF – on buy signal.

Summary
Long term – on major buy signal.
Short term – on buy signals.
Gold cycle has bottomed and we have new buy signals. A pullback will establish trendline support and set ups for us to take some positions.

Disclosure
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.
We also provide coverage to the major indexes and oil sector.