This past week in gold

Jack Chan
www.simplyprofits.org
May 12, 2008

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
All four ETFs are bound by TL resistance and TL support.
A break above and we will have new buy signals.
A break below and the correction continues.

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.

The gold sector is in a bull market, therefore, sell signals are signals to exit and not signals to sell short. In a bull market, we wait for buy signals and set ups to initiate or accumulate positions.

End of update

May 10, 2008
Jack Chan
Archives
email: jack@simplyprofits.org
website: www.simplyprofits.org

321gold Ltd