This Week in Gold
share
share
share
share
share
GLD - remains on buy signal from 9/04.
SLV - back to a buy signal this week, waiting for set up.
GDX - on sell signal as of 10/03.
XGD.TO - on sell signal as of 10/02.
Summary
Traders are out of the market waiting for set ups to re-enter. Investors continue to hold a core position with stops at breakeven, and add to positions on new set ups.
********
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......................................
share
share
share
share
share
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.
