Gold & Silver Trading Signals - 05/24/2008

jack_chan's picture
May 25, 2008 by jack_chan

This past week in gold

Summary

SLV finally joined the party this week.

The metal ETFs stay strong but stock ETFs are pulling back. For risk management, we have taken partial profits and reduced our exposure until the pullback is complete and new set ups are confirmed.

GLD - On Buy Signal

GLD - on buy signal

SLV - on buy signal

SLV - Buy signal this week

GDX – on buy signal

GDX - on buy signal

XGD.TO – on buy signal

 XGD.TO – on buy signal

Disclosure from Jack Chan
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.

Jack Chan runs a financial advisory service focusing on timing buy and sell signals on Gold, Energy, and Technology indexes.  You can gain access to Jack's advisory service through his website:  http://www.simplyprofits.org/