This Week In Gold
Jack Chan
October 20, 2007
GLD - remains on buy signal from 9/04.
SLV - on sell signal as of 10/05.
GDX - on sell signal as of 10/03.
XGD.TO - on sell signal as of 10/02.
Summary
Only GLD remains on a buy signal. The flip flop of the past two weeks did us no harm as we waited for set ups which did not materialize. Investors continue to hold a core position in the sector with stops at breakeven.
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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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