Tuesday, November 17, 2015

Is Gold Close To A Bottom?

Mailbox
Q:

Hi Eric,

Hi Eric, attached is an image showing how the comex OI divided by registered oz. It is around 300 right now. Do you think this hints that it is close to a bottom?

A:

Insights tracks and deciphers the flow of sentiment, price, leverage, and time - the message of the market to define the trend in terms of the cycle of accumulation and distribution.

Review of Gold

Gold has been mired in uninterrupted downtrend since 2013. Extreme DI and CAP, bullish setups and panic directed by time, will lead a bottom. The Major Currencies Diffusion Index (MCDI) will also display strong Q1 accumulation.

Chart MCDI


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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.