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Gold And Silver Composite Timing Indicator

Published 02/11/2015, 07:31 AM
Updated 07/09/2023, 06:31 AM
GC
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SI
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GLD
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SLV
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Gold and silver's composite timing indicators (CTI), functions of price and leading intermarket trends, must be used within the context of trends, leverage, and time/cycles*. Lower highs (relative to the previous up cycle), mixed readings, and now a bearish crossover in the trend oscillators, all signs of weakness (SOW), define waning upside momentum during seasonal strength. If trend oscillators remain negative through Friday's close, they generate a bearish crossover and down impulse. This impulse could violate what many have deemed "the bottom" in precious metals. Caution is advised.

*Please click the latest Review of Gold, Review of Gold One-Time, Review of Silver, and Review of Silver One-Time for a thorough discussion of timing.

Chart 1 SPDR Gold Trust (ARCA:GLD)
GLD And CTI Trend Oscillators

Chart 2 iShares Silver Trust (ARCA:SLV)
SLV And CTI Trend Oscillators

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