Sunday, August 1, 2010

Gold PM Fix -- CDMA and CROC

Gold hits its Consolidated Daily Moving Average (CDMA)* again and gets a bounce.

Gold's Consolidated Rate of Change (CROC)** has dropped below the trendline I had pointed out recently.

I don't have much commentary for you, just thought I'd post a couple charts I got my eyes on.


*CDMA is simply the average of several different simple moving averages (21, 28...465).

**CROC is just the (geometric) average of a bunch of individual rates of change (21, 28...465).