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This Past Week in Gold

Jack Chan

Technical Analyst & Editor

October 12, 2008

GLD – on buy signal but still no set up yet.

SLV – on sell signal.

GDX – on sell signal.

XGD.TO – on sell signal.

Summary

Only GLD is on buy signal but we did not get a decent set up.

Risk management has kept us on the sideline and out of harm's way during the current extremely volatile market conditions. Cash is a position too and we will stay there until conditions improve.

Jack Chan is the editor of Simply Profits, 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.