This Past Week in Gold

August 8, 2009

 

GLD - on buy signal.

SLV - on buy signal.

GDX - on buy signal also.

XGD.TO - buy signal also.

Summary

All four ETFs remain on buy signals this week.

We had great set ups and stops are now at breakeven to remove risk.

********

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.

Check out our website for our performance in 2008 and subscription info: www.simplyprofits.org

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 total world's holdings of gold could be transported by a single solitary oil tanker.