This past week in gold

8/20/2011

GLD – on buy signal.
SLV – buy signal this week.

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

Summary
Long term – on major buy signal.
Short term – on buy signals.
So far we have no set ups to re-enter this market and we will not chase momentum.

This past week  gold
By Jack Chan at www.simplyprofits.org

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.

End of update