This Past Week in Gold

GLD - on buy signal this week.

SLV - same here.

GDX - and here.

XGD.TO - our Cdn ETF is still on sell signal despite a break of resistance, lagging behind the US ETFs due mainly to a strong loonie/weak USD.

Summary

Long term - we are on a major buy signal.

Short term - three out of four ETFs are back on buy signal this week.

We are holding a core position and look to add to positions upon new set ups.

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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