On Thursday, my dual MACD lines, Red and Blue posted a buy signal in the GDM Sentiment Index. The FASTER of the MACD measures (RED) has cut thru the SLOWER of the MACD Measures (BLUE), to the upside. It is now confirmed by the Banded Oscillator on the Upper Panel, and awaiting confirmation from the conventional MACD on the bottom panel. Does this mean Gold WILL take off to the upside ? NO, it means we are seeing a significant signal of strength in GOLD's TREND, and must wait for it to develop. HOWEVER: We note that in an arithmetic chart of the $GDM, we are in a TRIPLE Bottom showing considerable support (2nd Chart)
So this concerns GOLD MINER STOCKS, Gold being the secondary play here.
While I like betting Odds-On, I don't like betting "The Crowd", and I don't like crowds when it comes to analysis, being more comfortable doing the math myself, for myself. I do best when I follow my own stars......
If you want to share more unconventional analysis, sign up for my Special Free Offer on the Green Header bar.