I've been busy rebuilding my Gold neural net model over the past few days with new data and inputs using the new version of Rapidminer. It's the same model I used to write my published Futures Magazine article and tinkering with it should give me new insight into the current Gold trend. This is particularly important to me because I want to know if any future pull backs in Gold is a buying opportunity or something else. I predominately use my trend models to find buying opportunities and this works great in Forex and Metals.
Many people I correspond with thought the Gold market was crashing when the price broke through $750 recently. I seem to remember a lot option acitivity around the $600 level as well. My old Gold model told me otherwise and I paid a visit to my Gold dealer earlier this month. I'm curious to see if it will tell me to visit my Gold dealear again in October.
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