OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Jack Chan-not a gold bug-a veteran trader–bearish for years on gold–on a major buy signal since 2016-a great read.

Posted by Richard640 @ 13:34 on October 1, 2017  

Our proprietary cycle indicator is up.

To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term whipsaws. But overall, the cycle indicator provides us with a clear direction how we should be speculating.

Investors

During a major buy signal, investors can accumulate positions by cost averaging at cycle bottoms, ideally when prices are at or near the daily 200ema.

During a major sell signal, investors should be hedged or in cash.

Traders

Simply cost average in at cycle bottoms when prices are at or near the daily 200ema; and cost average out at cycle tops when prices are above the daily 50ema.

Summary

Long-term – on major buy signal.

Short-term – on sell signals.

Gold sector cycle is up.

COT data favors overall higher gold prices.

We are holding gold related ETFs for long-term gain.

The current pullback is a buying opportunity for long-term investors.

http://www.gold-eagle.com/editorials

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.