This Week In Gold
June 2, 2007A fresh buy signal in the gold sector this week.
$HUI - this week's buy signal ends the sell signal from April.
$XAU - buy signal this week with a powerful up thrust.
GDX - buy signal assisted by a gap up.
XGD.TO - a buy signal at a deeply oversold level.
We finally have a buy signal in the gold sector this week. For risk management, we will maintain tight stops and only add to positions upon further set ups.
Disclaimer: Words of caution: public readers of my commentaries should exercise their own judgment as to whether to buy or sell anything. Never trade based on other people's analysis. Knowing which way to place our bets is only half of the formula to success. Wishing you peace and profits......................................
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