Gold: A Time To Reap The Rewards
Seeking Alpha - Gold is trading last at $1,569.50, up about 40 cents. One of the things that we do at the Equity Management Academy is use the proprietary algorithm, the Variable Changing Price Momentum Indicator (VC PMI) to execute derivative, future, stock and ETF trades. We focus mostly on the metals markets, given their recent volatility with some major events in the Iran-US relationship. The algorithm is mathematical, so it does not take into account any fundamental developments. The VC PMI identifies the extreme levels of the supply and demand underlying the market, regardless of any fundamental political events or natural catastrophes. The VC PMI provides an analysis devoid of any emotion. The VC PMI creates a perfect five-level Fibonacci structure: the mean and two extreme levels above and two extreme levels below that mean.