This past week in gold

Jack Chan
www.simplyprofits.org
Posted Apr 25, 2011

GLD – on buy signal.

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SLV – on buy signal.

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GDX – on sell signal.

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XGD.TO – on buy signal.

Summary

Long term – on major buy signal.
Short term – on mixed signals.
The metals are outperforming stocks, but not yet parabolic and have no overhead resistance, therefore, expect higher prices overall.

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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.

We also provide coverage to the major indexes and oil sector.

End of update

Apr 23, 2011
Jack Chan

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email: jack@simplyprofits.org
website: www.simplyprofits.org

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