This Past Week in Gold

By Jack Chan at www.simplyprofits.org

03/20/2010

GLD – back on buy signal, but for how long?

Should see a break either way next week.

SLV – on buy signal.

GDX – on buy signal.

XGD.TO – on buy signal.

Summary

Long term – on major buy signal.

Short term – on buy signals.

We have tightened stops to remove and reduce risks on our positions. Prices need to reverse up sharply and soon or we will get stopped out.

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.

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