Our current position in the gold sector

Jack Chan
www.simplyprofits.org
posted Apr 27, 2007

$HUI - sell signal this week ending the buy signal from mid March.

$XAU - sell signal this week ending the buy signal from mid March.

GDX - US traders were stopped out for a small profit, stand aside for now.

XGD.TO - Canadian traders were stopped out for a breakeven trade. The under performance by the Cdn ETF was mainly due to the strength in the loonie. Stand aside for now.

Summary
We were positioned for a third attempt of a major breakout since the correction began in May 2006, and rejected again. We will continue to wait for set ups to buy as long as the gold cycle remains up.

End of update

Apr 25, 2007
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

321gold Ltd