This past week in gold

Jack Chan
www.simplyprofits.org
Posted May 10, 2011

GLD – on sell signal.

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SLV – on sell 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 sell signals.
We continue to hold our core positions with stops close by. Prices must stay firm at current levels or we will see a much deeper correction.

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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

May 10, 2011
Jack Chan

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

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