This Past Week in Gold

GLD - on buy signal.

SLV - on buy signal.

GDX - on buy signal.

XGD.TO - on buy signal.

Summary

All four ETFs remain on buy signals. Prices are ahead of the moving averages, therefore, ideally a four to five week trading range will allow them to catch up. New set ups at higher prices will allow us to further accumulate positions without threats to our current positions. Any pullback should not be deep enough to stop us out if the breakout is legit.

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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