Increasing large outflows from commodity ETF's have opened up yet another opportunity to buy into a gold pullback at an attractive price.
The 11 year Bull market has made simple trading strategies most effective. Adding to a gold position at every possible pullback in the last 11 years would have been the correct trade 100% of the time, why stop now?
Last month, the 10 day MA of the second largest gold ETF, iShares Gold Trust (IAU), fell below the 50 day MA (see above) due to the ETF outflows. However, the recent rally in gold, due to a U.S. currency devaluation, is showing a strong push that will eventually bring the 10 day back above the 50. If you are still skeptical wait for the indication, then buy, and watch as history repeats itself. $$$
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