This Past Week in Gold

By: Jack Chan | Sat, Jul 30, 2011
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SPDR Gold Trust Shares
GLD - on buy signal.


iShares Silver Trust
SLV - on buy signal.


Market Vectors Gold Miners
GDX - sell signal this week.



XGD.TO - sell signal this week.


Central Fund of Canada
CEF - on buy signal.


Summary
Long term - on major buy signal.
Short term - on mixed signals.
Took some profits this week, and will take more profits next week by cost averaging out.

 


 

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.

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Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/