In Steve Blumenthal’s latest Forbes article he discusses a way to block out the noise of gold fever and adhere to a time-tested method of modulating exposure to gold. According to this trend-following method, says Steve, a new cyclical bull market period for gold has just begun. Excerpt from the Forbes story:
Consider the use of a simple trend-following process to trade gold. One of my favorite methods is to compare two smoothed moving-average price lines: a 13-week moving average and a slower 34-week moving average. Think of a moving average as a smoothing of the price of a security (or index) over the past number of weeks.
See the full story in Forbes: Charting The New Bull Market In Gold.
