I'm not long yet but I'll probably put together a position shortly. I think you have a lot of catalysts now for the metals in the fall between Europe, QE3, a risk rally or a market correction.
Maverick, What do you think about shorting the 30-Year (/ZB) here? Not from an ACD perspective just a general Macro call..
I covered my ZB short at the QTR A down. I would feel better about re-shorting after we get a correction in risk assets. Also, a selloff in risk assets will allow you to examine the price action and see if they are getting that strong flight to quality bid they had this spring.
Hey Mav...how are you calculating your Numberline values? I have been tryin to keep a running monthly total to try to keep up with you but my runnin sum in august for gold is +5 as of COB 23aug...quite diff than your +10...i guess you using a slightly different methodology than fisher's? as of COB 23aug i have sp +2 nq +11 euro 0 gold +5 silver +13 crud +7 I will go back over my numbers this weekend maybe i doin something wrong...thanks again for all the info
I use 7:20 central time for the OR for Gold. I also use an hour confirmation! My day 10 day rolling A indicator is a plus 9! That means we have had 9 confirmed A ups or A downs in the last 10 days. Readings of 9 or higher are very very rare. We've had 6 A ups in Gold in the last 7 sessions!