timwest
Long

Gold GLD - biweekly - Buy Signal from M1 Money X

FRED:MULT   M1 Money Multiplier
224 3 6
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
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timwest PRO
2 years ago
More on the chart...
snapshot
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timwest PRO
2 years ago
I'm eager to see the next data point which comes out at month end. A big jump in M1 Money Multiplier could trigger a new run up in Gold.
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timwest PRO timwest
2 years ago
And a drop in M1 Money Multiplier could be an easy way to exit longs up here.
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