Gold GLD - biweekly - Buy Signal from M1 Money X
Observation:
The M1 Money Multiplier (a bi-weekly data series) is a decent indicator for the movement in the Gold market. This long term data series is available here at TradingView. The Money Multiplier turned down in January 2013 and the Gold market followed. Now the CCI of the M1 Money Multiplier is at a high going back to February 2013 signaling that perhaps there is a condition present for a rise in the price of gold.
Feel free to research further -
Tim
6/5/2014 9:37AM EST GLD 120.54 +0.78 last
The M1 Money Multiplier (a bi-weekly data series) is a decent indicator for the movement in the Gold market. This long term data series is available here at TradingView. The Money Multiplier turned down in January 2013 and the Gold market followed. Now the CCI of the M1 Money Multiplier is at a high going back to February 2013 signaling that perhaps there is a condition present for a rise in the price of gold.
Feel free to research further -
Tim
6/5/2014 9:37AM EST GLD 120.54 +0.78 last
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