Buy Gold! You may be asking: "Is this a typo?" Wasn't the BLOG short Gold? Yes, we were. In three days this week, our algorithm made 3.2% on the ETF and over $5,000 per futures contract. However, we were stopped out. Now, a fresh new algorithmically-generated signal to buy Gold, Market on Open. What is the statistical record?
36 trades
35 wins
1 loss
97%
Our systems don't get much better than this. BUT...could this be wrong? Of course it could. Nothing is certain except death and taxes. Remember, the U.S. Dollar has been going up since the death of Osama Bin Laden. Gold and Silver have been going down. This could continue after the weekend. Despite the statistical record, we could be stopped out in one hour.
We will do a complete BLOG later. But for now, this is food for thought.
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