By Jack Chan at www.simplyprofits.org
GLD – sell signal this week.
SLV – on buy signal.
GDX – on buy signal.
XGD.TO – sell signal this week.
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 until the next cycle bottom.
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