This week in gold

Jack Chan
www.simplyprofits.org
posted May 11, 2007

With the Feds holding their course on rates, we are also holding our course in the gold sector. We remain in cash until a buy signal.

$HUI - remains on a sell signal from April.

$XAU - also remains on a sell signal despite the new found strength in ABX.

GDX - US traders are in cash until a buy signal.

XGD.TO - Cdn traders are also in cash until a buy signal.

Summary
We don't just pay lip service to keeping things simple, we actually practice it. When we are on a sell signal, we are in cash and out of harm's way. We will refrain from shorting until we have a bearish configuration and set up.

End of update

May 9, 2007
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

321gold Ltd