This past week in gold

By Jack Chan at www.simplyprofits.org
05/26/2012

GLD – on sell signal.
SLV – on sell signal.

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

Summary
Long term – on major sell signal.
Short term – on mixed signals.
Gold cycle has bottomed with some new buy signals this week. A pullback will provide low risks trading positions.

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