This past week in gold
10/22/2011
GLD – on sell signal.
SLV – on sell signal.
GDX – on buy signal.
XGD.TO – back to sell this week.
CEF – on sell signal.
Summary
Long term – on major buy signal.
Short term – on mixed signals.
Our modest position was stopped out with a small loss this week, and we shall wait for new signals and set ups as long as gold sector remains on long term buy signal and the configs are bullish.
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
