#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 | 2018-03-02T11:40:50+00:00 February 18th, 2018|Tags: , , |0 Comments

About the Author:

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 writes a bi-weekly in-depth gold and silver analysis for one of Germany´s largest gold and silver retailer the „pro aurum“ group. As well he is publishing a bi-weekly comprehensive gold & bitcoin analysis for his numerous international readers. He is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the gold market.

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