This Week in Gold

With the Feds holding their course on rates, we are also holding our course in the gold sector. We remain in cash until a buy signal.

$HUI - remains on a sell signal from April.

$XAU - also remains on a sell signal despite the new found strength in ABX.

GDX - US traders are in cash until a buy signal.

XGD.TO - Cdn traders are also in cash until a buy signal.

SUMMARY

We don't just pay lip service to keeping things simple, we actually practice it. When we are on a sell signal, we are in cash and out of harm's way. We will refrain from shorting until we have a bearish configuration and set up.

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