Tuesday, September 20, 2016

All That Glitters......09.20.16

Gold is losing its glitter after a nice run up. We saw a little pause today but beware the Trap Door setup wherein it appears the downtrend is complete only to be continued with a vengeance after a minor retracement.
Below are the MVP mean regression model outlooks for GLD ( SPDR Gold Shares ETF) with the volatility filter turned OFF and ON. Note the drawdown metrics and divergent signals.
Since both models have current 30 Day downslope equity curves GLD should be avoided using MVP.