Gold ETF (GLD) update

Gold, on a long term Buy signal, trading way above most everything else, including the wild casino biotech stocks (virus), seems to be totally ignored, at least by the mass media, and by most people that we talk with. .. this is very Bullish.

Using our long term trend investing model of 20% annualized rate of growth , in the stock chart below, the stock is trading above the 50 day 20% annualized, and the stock is trading above the 200 day 20% annualized, and the 50 day is above the 200 (the bottom panel). This is very Bullish momentum. Most everything else doesn’t even come close. Most of the podcasts and video posts talking about gold, yammer on and on about fundamentals, which is faulty at best, none of that is necessary. It might be entertaining, if you have the time.

Gold ETF (GLD)

Published by Trendanomics

Trend investing the markets with simple trend following strategies.

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