This Past Week in Gold

This past week in gold

By Jack Chan at www.simplyprofits.org

01/16/2010


GLD – on buy signal.

SLV – on buy signal.

GDX – on buy signal.

XGD.TO – on buy signal.

Summary

Long term – on a major buy signal.

Short term – on buy signals.

We were stopped out of our newly acquired positions at breakeven, and holding a hedged core position for the long term.

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.