This Past Week in Gold

11/20/2010

GLD – sell signal this week.
SLV – on buy signal.
GDX – sell signal this week.
XGD.TO – sell signal this week.

Summary
Long term – on major buy signal.
Short term – on mixed signals.
We continue to hold our core positions with a hedge in place to lock in profits. We will lift that hedge upon evidence that the correction has completed.

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