This Past Week In Gold

June 25, 2011


 

GLD - on sell signal.

SLV - sell signal this week.

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

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

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.

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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.

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.

Gold weighs 19.3 times as much as an equal volume of water.