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Tuesday, February 5, 2013

Gold Entering Oversold Territory As Window of Opportunity Closes On B-Wave

Gold enters buy territory when the 13DEMA equals or falls below 20% during the B-wave.  13DEMA has fallen to 20% as of 2/4/13.  The previous two B-wave low readings in 2007 and 2009 were 16% and 17%, respectively.  A 20% reading; therefore, suggests that has entered oversold conditions as the window of opportunity (TIME) on the B-wave closes slowly.

Smart money knows when to nibble and bite.

Chart:  London PM Fixed Gold and GLD (ETF) Total Assets WA Stochastic Exponential Moving Average (13DEMA)


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