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Gold glitters

Jason Goepfert
2020-04-22

The 20-day moving average of the Optimism Index for gold has crossed above 75. According to the Backtest Engine, that has happened 21 times over the past 30 years. Of those, 19 of them saw a drop in gold either 1-12 weeks later, even though most of them triggered during the 2000-2010 bull market.

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