This past week in gold

Jack Chan
www.simplyprofits.org
Oct 11, 2010

GLD – on buy signal.
Very overbought...

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SLV – on buy signal.
Silver is now clearly overbought and going parabolic……

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GDX – on buy signal.

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XGD.TO – on sell signal.

Summary

Long term – on major buy signal.
Short term – on mixed signals.

We continue to hold our core positions, and wait for new opportunities. Gold and silver are going parabolic, with very strong momentum. We are not chasing them at these levels.

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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

Oct 9, 2010
Jack Chan

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

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