This past week in gold


04/14/2012

GLD – new buy signal this week.
SLV – on sell signal.

GDX – on sell signal.
XGD.TO – on sell signal.
CEF – new buy signal this week.

Summary
Long term – on major sell signal.
Short term – on mixed signals.
Gold cycle is now at levels of previous bottoms. We have two new buy signals this week, and trading positions can be considered if risks are manageable.

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