Here’s a couple of charts showing gold in Foreign Currencies Gold Forex measured by an advance-decline line.
To That Perma-Gold Bear Who Says Gold is Not in a Bull Market
As can be clearly seen when the price runs the advance-decline line rockets upwards.
In other words the advance-decline line only rises when the majority of currencies measured in gold are rising strongly.
So it’s a good indicator for strength in a rising price.
The first chart is for 22 major currencies & the second for a more broader 163 foreign currencies.
As can be currently see the indicator is rising strongly.(Courtesy of Bill Murphy)
On Major Moves, Grandich has been very right and not only saved many investors fortunes, but expanded them dramatically. On November 3, 2007 at the MoneyTalks Survival Conference, Peter Grandich of the Grandich Letter warned that “an unprecedented economic tsunami will hit American beginning in 2008”. Peter advised publicly to short the US market two days from the top in October, 2007 and stayed short until the last week of October, 2008. He began to buy stocks in March 7th, 2009. He also bought oil and oil related investments near the lows after the dive from $147.
….go to visit Peter’s Website.