OTCQX:BGMZF - Post by User
Post by
pigbruinmcveidon Jan 14, 2016 3:55pm
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Post# 24459393
If the trend is your friend, you gold bugs are keeping bad..
If the trend is your friend, you gold bugs are keeping bad..Yes, if the trend is your friend you gold bugs are keeping some bad company these days... check it out
https://seekingalpha.com/article/3804706-outlook-for-gold-and-gold-equities-in-2016 Summary
Gold prices exhibit long-term trends which are masked by short-term variance in price (i.e. gold price has a fractal nature).
Linear regression of gold prices over multiple time periods can be used to smooth short-term variance and predict the long-term trend with much better than even odds.
Gold trend as of December 2015 remains firmly down and odds are high that the down trend will continue in 2016.
In the next several weeks to a few months, the odds favor gold price rallying above the multi-quarter regression line creating an excellent short setup.
Stated in terms of odds, the end of year 2015 outlook for 2016 is as follows:
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Odds are 16 in 20 that 2016 will see a continuation of the current gold down trend.
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Odds are 2 in 20 that 2016 will end as a well-defined up trend year.
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Odds are 2 in 20 that 2016 will not have a well-defined trend.