This Past Week in Gold

October 18, 2008

GLD – sell signal this week joining the other three ETFs.

SLV – on sell signal.

GDX – on sell signal.

XGD.TO – on sell signal.

Summary

All four ETFs are on sell signals.

Risk management has kept us on the sideline and out of harm's way during the current extremely volatile market conditions. Cash is a position too, and we will stay there until conditions improve.

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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Jack Chan began investing in 1976, and became an active trader in 1998 using technical analysis. He began sharing my trading model with a few like-minded fellow traders in 2001, and the circle began to grow. The teaching and mentoring became a full time job, and by late 2003, he had to leave the family business and launched his advisory service in early 2004. Visit his website at www.simplyprofits.org.

Seventy-five percent of all gold in circulation has been extracted since 1910