Gold Breakout

Posted on Mo 01 Oktober 2007 in misc • 1 min read

  • Futures
  • Neural Nets tags: [] meta: _aioseop_keywords: Gold, Guns, Montana author:

    It sure looks like Gold broke out in September as featured in this monthly chart. I'm going to go long a few shares of GLD in my wife's 401k account today. Why?  Buying breakouts works reasonably well in trend following and they work fantastically if the stock is at all time highs.

    As long as the USD spirals lower out of control and the US consumer carries a lot of debt, get ready for larger jumps in Gold.

    Gold-093007

    You can get my weekly Gold trend signals by becoming a member. It's free (for now) and you'll have access to Forex, Gold, Oil, and market trend forecasts using my neural net models.