This Week in Gold

July 15, 2007

By requests, we are now including GLD and SLV in our weekly commentary.

GLD - is on buy signal.

SLV - also on buy signal.

GDX - this US gold stocks ETF is on a buy signal.

XGD.TO - the Canadian gold stocks ETF is also on a buy signal.


The gold and silver ETF, along with both the US and Canadian gold stocks ETFs are all on a buy signal. Our breakout model has also confirmed a major breakout, and if past history is a guide, we should see new highs in both metals and stocks ETFs in the next few months. Nevertheless, we continue to manage risk.


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......................................

Jack Chan is the editor of simply profits at, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the US dollar bottom in 2011.

Gold was first discovered in U.S. at the Reed farm in North Carolina in 1799, a 17-pound nugget.