This week in gold

Jack Chan
www.simplyprofits.org
Feb 4, 2008

GLD - on buy signal as of 12/24.
Unless prices reverse up, we should see a sell signal next week.

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SLV - on buy signal as of 12/24.
A key reversal on Friday.

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GDX - on sell signal.

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XGD.TO - on sell signal.

Summary
Unless the metal ETFs can reverse sharply up next week, they will soon join the stock ETFs on the sell side. I noted the divergence between stocks and metals in last week's update, and this week, the metals finally showed some weakness with a sharp sell off on Friday.

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.

End of update

Feb 2, 2008
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

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