Gold has a very high probability of going up, one of a few gold indicators says so…….. take current price divide it by the 200 day moving average and gives you a ratio. Whenever that ratio gets over 1.1 typically you would sell or reduce your positions. When that indicator gets below 1 gold is in a strong buy zone, right now the estimated indicator is at 0.89 (lowest level prior to this was 0.95 in 2004) … it is showing it’s most oversold level reading and it's lowest level ever recorded in 16 years. Will not pick you absolute tops or bottom, but is a great indicator nevertheless.
All IMHO.......
DUST trades might turn into DUST.... Ferrari's might turn into a Mini minors
Gold has a very high probability of going up, one of a few gold...
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