donderdag 12 juni 2014

Smart Money Index: NASDAQ and gold version

I can't get enough of this Smart Money Index, so I made one for the NASDAQ.

As you can see, the NASDAQ bubble of 2000 is very visible here. The smart money was leaving the NASDAQ years before the bubble burst. Today, we also see that the smart money has already left the building (red chart going down).

Let's do the same for gold.

I  have the feeling that the Smart Money Index for gold isn't that useful to predict the gold price. But when looking at the chart I see that gold is pretty flat at this moment. I don't expect any large moves yet.

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