All that Glitters- Just Waiting for the Opportunity to Buy Gold Stocks

I see two scenarios playing out in the near-term. The first, is that the price of gold declines to my expected targeted range around $1,590 per ounce. The second, is that money supply growth accelerates. Both these scenarios, in of themselves, would likely result in a more attractive outlook for gold and precious metal stocks. My guess is that we will see both scenarios play out. That said, I believe that the ramp up in money supply is already expected by the market, and will not help the price of gold or god stocks to any great degree. That is unless money supply sustains significant weekly increases, say (and this is not a scientific statement what so ever) consistent 1% increases. More so, gold looks to be under distribution and the price/volume setup suggests to me that gold will test the consolidation range of early 2012

In any event, the latest weekly model results are presented below. There was no significant change from the previous week's results.

3-month model


1- year model


6- month model