muses of the moment

February 12, 2013

Weekly Buy Signal

Filed under: Gold and Silver Investing, Precious metals — totallygroovygirlfriday @ 3:41 pm

Deviant Investor suggests the low in January 2013 was a gold buy signal long-term. Click here.

Question: What do February 2005, June 2005, October 2006, July 2007, September 2008, November 2008, December 2011, June 2012, and January of 2013 have in common?

Answer: They represented significant price lows in gold AND those lows were confirmed by the weekly stochastic (14,3,3) indicator and the weekly TDI Trade Signal Line (13,5) as shown in the following chart of gold prices since 2005. Note the green circles showing price lows and corresponding turns in the stochastic and TDI indicators from oversold levels.

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