This Past Week in Gold

By Jack Chan at www.simplyprofits.org
12/04/2010

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

Summary
Long term – on major buy signal.
Short term – on buy signals.
We continue to hold our core positions with a hedge in place to lock in profits. We will lift that hedge and add to positions upon new set ups in the ETFs.

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