This Week In Gold
August 4, 2007
GLD - remains on a buy signal.
SLV - remains on a sell signal.
GDX - remains on a sell signal.
XGD.TO - also on a sell signal.
Since being stopped out two weeks ago, we remain neutral and in cash until further set ups. Volatility can be sharp this coming week due to the FOMC decision on rates. As always, to enter the markets, we need signals, set ups, and stops.
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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