This Past Week in Gold

Jack Chan
www.simplyprofits.org
Sep 20, 2010

GLD – on buy signal.

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SLV – on buy signal.

Price spike continues without establishing trendline support. Spike up is usually countered with a spike down, sooner or later.

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GDX – on buy signal.

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XGD.TO – on sell signal.

Summary

Long term – on major buy signal.
Short term – on mixed signals.

We continue to hold our core positions, and add to positions upon new set ups.

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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

Sep 18, 2010
Jack Chan