A Brief All that Glitters Update

Just wanted to dash off a quick comment on gold and the precious metal stocks, which are both getting clobbered. The money supply far exceeded my estimates and anything that could be suggested by seasonal trends (I will have to look into this one). This combined with lower prices has led to a triple crown buy flashing on all three timing indicators. On an intraday basis, the 1-year model was nearly a -3, the 3-month model was -2.3 and the 6-month model was -2.4.

I will provide a more encompassing update soon.