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Gold & Silver Trading Signals - 07/05/2008
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by Jack Chan
All four ETFs are on buy signal. We continue to stay neutral until there are favorable set ups.
GLD - on buy signal
SLV - on buy signal
GDX - on buy signal
GDX.TO - on buy signal
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.
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, Enery, and Technology Indexes. You can gain access tot Jack's advisory service through his website: http://www.simplyprofits.org/
