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Saturday, March 16, 2013

Gold Primed For An Unexpected Upside Acceleration

Money Flow Setup, Technical Trigger, And Bold Forecast For Gold:
  1. Gold's DI above 60% (bullish setup) - chart 1.
  2. Spreading activity above 80% (fear running high) - chart 2.
  3. A green followed by a blue stick (technical trigger) marks the onset of another upside acceleration - chart 3.
  4. Silver, highly correlated with gold, will likely lead, but may follow - chart 4.
  5. Jim's suggestions that "Gold is about to take out $1,600" and "We may never see that $1,600 level ever again" finds support in the message of them market and would not be a shocking outcome (at least for Insight readers).

Chart 1:  Gold London P.M Fixed and Gold Diffusion Index (DI)


Chart 2:  Gold London P.M Fixed And Noncommercial Spreading Activity Diffusion Index (DI)


Chart 3:  Gold ETF (GLD)


Chart 4:  Silver ETF (SLV)



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