This Past Week In Gold

January 21, 2012


 

GLD - on buy signal.

SLV - on buy signal.

GDX - on buy signal.

XGD.TO - on buy signal.

Summary

Long term - on major buy signal.
Short term - on buy signals.
Gold cycle has bottomed and we have new buy signals. Gold stock ETFs are pulling back and can see set ups soon.


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.

The periodic symbol for gold is AU which come from the Latin for gold aurum.