Wednesday 2 October 2013

A Bearish Turn in Gold



Just a quick note regarding gold. In my September 20th posting I said “…it is the level 3 chart which would trigger sells on all three levels. That is, a break of the FoxPulse3 Beta-X trendline would immediately make this index a 0% bullish allocation!” That has now happened. All five FoxPulse charts are now bearish on gold. Shown is the latest FoxPulse2 chart.