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This Week in Gold



-- Posted Thursday, 10 May 2007 | Digg This ArticleDigg It!

By Jack Chan at www.simplyprofits.org

5/09/2007

 

With the Feds holding their course on rates, we are also holding our course in the gold sector. We remain in cash until a buy signal.

 

 

$HUI – remains on a sell signal from April.

 

 

$XAU – also remains on a sell signal despite the new found strength in ABX.

 

 

GDX – US traders are in cash until a buy signal.

 

 

XGD.TO – Cdn traders are also in cash until a buy signal.

 

Summary

We don’t just pay lip service to keeping things simple, we actually practice it. When we are on a sell signal, we are in cash and out of harm’s way. We will refrain from shorting until we have a bearish configuration and set up.


-- Posted Thursday, 10 May 2007 | Digg This Article




 



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