AI
Wednesday, February 08, 2012 1:04:52 AM
Gold is only trading 7,54% above the 50WEMA and 17.71% above
the 100WEMA, so compared to 1980, Gold is NOWHERE near a Bubble.
The same counts for Mining stocks, as measured by the HUI Index,
as it is trading roughly AT the 50WEMA and only 5% above
the 100WEMA:
When we look at the Gold-to-Dow Jones ratio, we can spot a
nice uptrend, but nowhere near going vertical.
However, when we look at the last 12 years, we can see that
when price was 30%+ above the 200WEMA or 15%+ above the 50WEMA,
it was time to be cautious.
On the other hand, when the ratio was 10% below the 50WEMA
and 200WEMA, this offered some nice buying opportunities:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71825158
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71816425
the 100WEMA, so compared to 1980, Gold is NOWHERE near a Bubble.
The same counts for Mining stocks, as measured by the HUI Index,
as it is trading roughly AT the 50WEMA and only 5% above
the 100WEMA:
When we look at the Gold-to-Dow Jones ratio, we can spot a
nice uptrend, but nowhere near going vertical.
However, when we look at the last 12 years, we can see that
when price was 30%+ above the 200WEMA or 15%+ above the 50WEMA,
it was time to be cautious.
On the other hand, when the ratio was 10% below the 50WEMA
and 200WEMA, this offered some nice buying opportunities:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71825158
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71816425
My opinions are my own and and DD I post should be confirmed as unbiased
