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keys
Penny Collector Member
356 Posts |
 Posted - 11/04/2009 : 17:26:06
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Courtesy of 'The Market Oracle' over on the sister site Goldforum, we get this information.
(For entertainment purposes only. I am not an investment advisor nor do I play one on TV.)
http://www.marketoracle.co.uk/Article14780.html
The Best Simple Gold Indicator Around
By Dailywealth
...."The indicator is simple. You look at the price of gold once a month. You buy (or keep holding) if the price of gold is above its nine-month average. And you move to cash if it's below its nine-month average.
There's nothing magical about the nine-month average, by the way... You can use the eight-month, 10-month, and 11-month averages for "buy" signals, too. Same goes for the "move to cash" signals.
Testing this indicator since the end of 1979 gives similarly good results. In "move to cash" mode, the price of gold lost about 3% compounding per year. And in "buy" mode, gold gained around 7.5% compounding per year."
...."The secret to the indicator, of course, is that it limits the pain of your bad years. "
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As with any investment advice, please take this with a grain of salt. It looks like it should work, but as with all investment models, reality has a way of making even the best investment theories look like merely lucky guesses.
(Entertainment purposes only, educate yourself before investing one cent, preferably one zinc cent, into any investment.)
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I change with the times-
but like silver coins found in your change
I stay the same.
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The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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Best Simple Gold Indicator Around
