This Past Week in Gold

By: Jack Chan | Sat, Jun 25, 2011
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Gold
GLD - on sell signal.


yShares Silver Trust
SLV - sell signal this week.


GDX
GDX - buy signal this week but no set up yet.


XGD.TO
XGD.TO - buy signal this week but no set up yet.


Central Fund of Canada
CEF - on buy signal.


Summary
Long term - on major buy signal.
Short term - on mixed signals.
We had two new buy signals and a new sell signal this week. We may consider a modest allocation upon set ups, respecting the increased volatility in the markets.

 

 

Jack Chan

Author: Jack Chan

Jack Chan
www.simplyprofits.org

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.

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