Monday, September 20, 2021

#Gold Review $GLD #GC_F

Gold Review
Those that view the message of the market on a 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 bag holders of trend transitions.

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

Subscriber Comments

Gold and the dollar are beginning to link up again. This happens when confidence in the global economy is weak. Flight of capital from the periphery (economies) to the core (economy) pushes up the dollar. It also pushes up gold. Gold is not supposed to rally with the dollar. It can link up under stress.

Gold and US Dollar Index Correlation (line 62 column L Trends Tab of Matrix)

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