Tough, Tough Trade

Model Gold Portfolio: Now: Neutral (exit long 2/17), previous Long  (1/27)

CTM150217Technical Read: Neutral signal today. This has been a tough trade for the Gold strength faded after the pulse up generated from the Swiss central bank surprise. I expected higher highs in the aftermath, but it was not meant to be. Support at 120 and 118 levels (GLD basis) failed to hold. Nonlinear trading analysis readings are in a neutral mode (negative but too oversold) at this time. The model portfolio is now neutral. I will be looking for a new entry going forward.


  • Catalyst 1 – The S&P 500 has moved north of its recent trading range. Recent news out of negotiations between EuroLand and Greece were not particularly good, but markets seem to be priceing in that a bailout will occur. This is bearish for gold.
  • Bond Trading Signals. I am offering a similar Mummy process for Treasuries. See the “Bond Trading Signals” tab for more info. Currently available.
  • Currency Trading Signals. I am now offering a similar Mummy process for currencies. This service will involve two signal paths, one on the US dollar and the other on a user selected second currency (1+1).The fee will be the same as the bond trading signals. Currently available.

GH Garrett – Veteran Commodity Watcher for Conquer the Mummy .com “Nonlinear signals that matter in gold trading.”