I guess the old adage "all good things to those that wait" fits very well here. Neither the price of gold or money supply have moved enough over the course of the last few weeks to make that much of the difference in the gold stock timing metrics. All three metric time periods I calculate remain in decent buy zone positions, with each coming in with results below -1.3. In fact, the forward historical performance is better than the average buy-and-hold performance after seeing measures at our below this level. That said, I remain on the sidelines due to wait I see as negative technicals in the gold markets, essentially amounting to what I see as signs of distribution in the market. In any event, the following are the latest results from the timing models.
3-month model -1.4
1 year model -1.3
6-month model -1.3
3-month model -1.4
1 year model -1.3
6-month model -1.3
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