Let me just apologize for getting this out so late. It has been a busy week that was punctuated by me getting sick earlier in the week. Before I updated the precious metal timing models for the current week (the week ended May 24), I wanted to show the models for the most recent updated data.
The timing models turned more positive in the latest updated week with the 1-year model turning in a -2.8 and the 6-month model improving by about 0.30 points to -2.14. This is predicated in the recent decline in the price of gold, which pulled back below the $1,400 price per ounce level in recent trading sessions. Here are the latest updated models.
3-month model, -1.8
6-month model, -2.14
1-year model, -2.8
I would use, and have used the weakness in gold prices and the precious metal stock complex to add to positions.
The timing models turned more positive in the latest updated week with the 1-year model turning in a -2.8 and the 6-month model improving by about 0.30 points to -2.14. This is predicated in the recent decline in the price of gold, which pulled back below the $1,400 price per ounce level in recent trading sessions. Here are the latest updated models.
3-month model, -1.8
6-month model, -2.14
1-year model, -2.8
I would use, and have used the weakness in gold prices and the precious metal stock complex to add to positions.
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