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#011/18 The Midas Touch Gold Model™ – Update 18th of February 2018

The Midas Touch Gold Model™ is in bullish mode since 14th of February 2018!

With gold´s strong rally last Wednesday the Midas Touch Gold Model™ immediately shifted to a new buy signal!

Responsible for this transformation were new buy signals from Gold USD Daily Chart, Gold in Indian Rupee, GDX Daily Chart and of course a new sell signal for the US-Dollar which is bullish for gold. Besides that the SPDR Gold Trust (GLD) got 3.83 tonnes of gold flowing into its inventories.

On the negative side there is only a new bearish signal coming from the US-Dollar CoT-report as the commercials players basically reduced their US-Dollar short position to neutral. In the bigger picture this is a very bullish positioning for the US-Dollar yet short-term the US-Dollar remains under pressure!

And finally due to the rising CPI-number the US Real Interest Rate is back into negative territory.

All in all the Midas Touch Gold Model™ is bullish.

By Florian Grummes|2018-03-02T11:40:50+01:00February 18th, 2018|Tags: Gold, Gold Model, mechanical & systematic approach|0 Comments

About the Author: Florian Grummes

Florian Grummes is an independent financial analyst, advisor, consultant, trader & investor as well as an international speaker with more than 20 years of experience in financial markets. He is specialized in precious metals, cryptocurrencies and technical analysis. He is publishing weekly gold, silver & cryptocurrency analysis for his numerous international readers. He is also running a large telegram Channel and a Crypto Signal Service. Florian is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the markets. Since April 2019 he is chief editor of the cashkurs-gold newsletter focusing on gold and silver mining stocks. Besides all that, Florian is a music producer and composer. Since more than 25 years he has been professionally creating, writing & producing more than 300 songs. He is also running his own record label Cryon Music & Art Productions. His artist name is Florzinho.