This Past Week in Gold

This past week in gold

By Jack Chan at www.simplyprofits.org

01/09/2010

GLD – buy signal this week.

SLV – buy signal this week.

GDX – buy signal this week.

XGD.TO – buy signal this week.

Summary

Long term – on a major buy signal.

Short term – we have new buy signals this week and we added to existing positions. Condition to remove hedge was not met, and we stay partially hedged and see what happens next week.

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.

End of update