This past week in gold

Jack Chan
www.simplyprofits.org
Posted May 2, 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 sell signal.

Summary

Long term – on major buy signal.
Short term – on mixed signals.
We have tight stops on our trading positions, and generous stops on core positions allowing some breathing room during the current up cycle in the gold sector.

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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 30, 2011
Jack Chan

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

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