timwest
Long

Gold GLD - biweekly - Buy Signal from M1 Money X

FRED:MULT   M1 Money Multiplier
226 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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More on the chart...
snapshot
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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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And a drop in M1 Money Multiplier could be an easy way to exit longs up here.
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