June 6, 2007
FXI and Gold Trends
I’ve updated the prediction models for the China 25 index (FXI) and for Gold.
- FXI – UP
- Gold – UP
Gold has been doing nothing for the past few weeks and its desperately trying to break through the $700 barrier. My guess is that Bernanke’s comments on subsiding inflation is taking the wind out of Gold.
In other news, FXI is nearing its all times high again and it hardly blinked when the Shanghai markets sold off. Things could get interesting right here so we’ll have to take a wait and see attitude.
[tags]FXI, Gold, NeuralNets, Investing, ETF, Futures, Trading[/tags]
