With Gold trading down again, I wanted to provide a brief update on estimated results for my gold stock timing models. I have detailed my outlook and my strategy here over the last week or two, and I still would not be a buyer. I may not be a buyer YET, but we are getting close.
- The 6-month model is estimated to be -1.5
- The 1-year model is an estimated -1.45
- 3-month model is at an estimated -2.
As a reminder, the more negative the results of the models are, the better the potential forward return. At this juncture, I still think the model results will continue to get "more negative".
- The 6-month model is estimated to be -1.5
- The 1-year model is an estimated -1.45
- 3-month model is at an estimated -2.
As a reminder, the more negative the results of the models are, the better the potential forward return. At this juncture, I still think the model results will continue to get "more negative".
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