Gold & Silver Trading Signals - 06/01/2008

June 1, 2008 by jack_chan

by Jack Chan

All four ETFs remain on buy signals this week technically, however, trendline support is broken and we will stay neutral for now. We were stopped out with a small profit overall.

GLD gold signals

GLD – on buy signal

SLV Silver Trust iShares

SLV – on buy signal.

GDX Market Vectors Gold Miners

GDX - on buy signal

XGD.TO gold ishares Canada

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/

Similar Day Trading Articles


Tick Charts - Tool for Active Traders	Tick charts is the visual representation of the time and sales window. Unlike other charts which are based on time, tick charts print a bar every time "x" number of trades occur.
Scalp Trading - Active Investing Strategy	Scalp Trading when an active trader attempts to make small profits by closing out a position once it shows a profit. In order to make a living, a scalp trader will often have to put on hundreds of trades per day.
Stock Trading Emotions - Learn to Conquer the Fear	Emotions is one of the biggest constraints holding traders back from becoming profitable. These emotions can range from fear of loss, depression, to anger. Until a trader learns to master their emotions, trading in the zone will be unobtainable.
Rebate Trading Definition	Rebate Trading is the act of buying or selling short a stock directly from an Electronic Communications Network (ECN) and receiving a rebate from the ECN for the transaction.
Trading Risk Summary	A trader must understand their risk profile before embarking on the journey of becoming a master trader. Risk is present in all forms of business and trading is no different.