Model Portfolio: Flatland (Neutral signal = 7/24)
Technical Read: Spot gold fell during Thursday’s trading, giving up previous gains on the recent bounce. The 7/21 bullish signal (that cited waning selling momentum) appears to have been premature. I am going to reexamine some of my parameters and make adjustments to get back in rhythm with current trading. For now, neutral is the correct position.
GH Garrett – Veteran Commodity Watcher