Changes to Trading Models: Part 2
Our gold model has given a sell signal.
I recently discussed the reasons behind the sell signal in this article, and for the most part, rising yield pressures are gold negative. I did discuss the technicals in this article, and I would be more incline to be wait for either price confirmation or buying at lower support levels as long as interest rates are a headwind for gold. For the record, I remain neutral on gold, and I don’t believe this is a start of a bear market.
More on this topic
(What's this?)
Four Important Facts to Remember About Gold
(Gold Stocks Today, 5/14/13)
Indisputable Proof Paper Gold Markets are Massively Manipulated
(the Underground Investor, 5/14/13)
Where Gold Goes from Here
(Wealth Daily, 5/14/13)
Category: Gold
