This Past Week in Gold

GLD - sell signal this week.

SLV - sell signal this week.

GDX - on sell signal.

XGD.TO - on sell signal.

Summary

Long term - we are on a major buy signal.

Short term - All four ETFs are now on sell signals, a correction is in progress. We are holding a core position and look to add to positions upon new buy signals and set ups.

********

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