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This past week in gold

Jack Chan
www.simplyprofits.org
Aug 11, 2008

GLD - on sell signal.

SLV - on sell signal.

GDX - on sell signal.

XGD.TO - on sell signal.

Summary

All four ETFs remain on sell signal this week and likely will remain so for the coming week. The metal ETFs remain in a bullish config which favors long set ups, while the stock ETFs are now in a bearish config which favors short set ups.

We continue to be patient and wait for signals and 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 setups 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 setups to initiate or accumulate positions.

End of update

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

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