This week in gold

Jack Chan
www.simplyprofits.org
written Jun 2, 2007
posted Jun 5, 2007

A fresh buy signal in the gold sector this week.

$HUI - this week's buy signal ends the sell signal from April.

$XAU - buy signal this week with a powerful up thrust.

GDX - buy signal assisted by a gap up.

XGD.TO - a buy signal at a deeply oversold level.

Summary
We finally have a buy signal in the gold sector this week. For risk management, we will maintain tight stops and only add to positions upon further set ups.

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.

End of update

Jun 2, 2007
Jack Chan
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email: jack@simplyprofits.org
website: www.simplyprofits.org

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