This past week in gold
By Jack Chan at www.simplyprofits.org
GLD – sell signal this week.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – on buy signal.
Long term – on major buy signal.
Short term – mostly on buy signals.
Some of our recently entered positions were stopped out at breakeven this week. But as long as we remain on a major buy signal and the cycle is up, we continue to look for set ups to accumulate positions, while managing risk at the same time.
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.
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