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Posts | 144123 |
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Alias Born | 03/10/2004 |
Sunday, March 17, 2024 1:12:57 PM
By: Jack Chan | March 16, 2024
Our proprietary cycle indicator is UP.
To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.
Investors
Accumulate positions during an up cycle and hold for the long term.
Traders
Enter the market at cycle bottoms and exit at cycle tops for short term profits.
GLD is on short term buy signal.
GDX is on short term buy signal.
XGD.to is on short term buy signal.
GDXJ is on short term buy signal.
Analysis
Current data suggests a pullback/consolidation is imminent.
Current data supports an overall higher dollar.
Our ratio is on a new buy signal.
Trend is DOWN for USD.
Trend is DOWN for gold stocks.
Trend is UP for gold.
The underperfomance reached the lowest point in 2015, and we are now testing that low.
Summary
Gold sector cycle is up.
Trend is up for gold and down gold stocks, and down for USD.
$$$ We are partially invested for the current up cycle.
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DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
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