Saturday, February 23, 2019

#Gold Review $GLD

Gold Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Gold's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.

Subscriber Comments

Following up the morning comments on gold published with the Matrix update.

Is gold ready to soar? It's close, but the intermarket flows that define the Precious Metals Composite (PMC) could be stronger (See Matrix section). The Precious Metals Composite's LTCO is positive (23%), but it could be stronger. Only 2 out 3 of the PM flows are bullish. Click on the Matrix to find out which one is lagging. Precious metals traders need to know when the PMC gets into full gear.

Matrix section

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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.