The "Gold Forecaster" index was created by Albert Sung, who theorized that the gold price could be predicted by a formula using leading economic indicators.
The red line comprises all metrics that are bullish gold and looks at their change in sentiment. The blue line is the gold price. Whenever the red line is above zero, the gold price will go up with a delay of 6 months.
This is a real game changer in the world of precious metals. I call this the "Holy Grail". Go HERE for "Silver Forecaster" index.
Be sure to read the gold and silver checklist as well.
The red line comprises all metrics that are bullish gold and looks at their change in sentiment. The blue line is the gold price. Whenever the red line is above zero, the gold price will go up with a delay of 6 months.
This is a real game changer in the world of precious metals. I call this the "Holy Grail". Go HERE for "Silver Forecaster" index.
The following chart is the same index, but the trade balance is replaced by import and export air freight numbers because this gives us a faster data point.
Be sure to read the gold and silver checklist as well.
Very good analysis, thank you
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