I’ve just updated the OEXpert 7 Market Timing program. It’s from 1992, and is DOS based. The last Microsoft operating system to support it was XP. I have one dedicated XP laptop. It’s at least 6, if not 8, years old on which I run the timer.
I just updated the timer with Monday’s closing data, and here is where the 7 different indicators stand.
The first is price, and where it falls within its upper and lower trading bands, as defined by the program. Price is close to, but has not yet come down to touch, its lower trading bands. It’s close, but not there yet.
F1. This indicator is at 25, and falling, but needs to get to at least below 20, at this time; and best when it gets down to 10, or lower. It could signal as soon as today, and almost certainly would in just 2 or 3 more days, if we don’t lift-off first.
F2. This one is at 3.5, and needs to get to 4, or lower. It has almost gotten there with Friday’s close, and could with today’s, if it closes lower.
F3. This indicator is plunging. It’s now at 28, and needs to get to 10 or lower. just another couple or 3 days would certainly get it there, if we don’t turn upward beforehand.
F4. This indicator signals at a reading of -4, and it’s at -2 right now, and rising, but with just a couple or 3 more days, this one, too, could get to -4 or lower and signal.
F5. The F5 indicator signals when it gets down to 40, or lower. With Monday’s close, it’s reading 45, and could actually signal after today’s close, should we close lower. If it doesn’t, I would think that just 1 more day could get it there.
Finally, F6. This indicator is at 2. It is signaling now.
What do I make of all this? Simple. I am of a pretty firm belief that we need to be getting ready to step back into the gold and silver mining stocks. I believe that they will be bottoming shortly, and that it will likely be at prices a few % lower than at present.
If this scenario should play out, just as I am hoping, we are going to have a tremendous opportunity to load up on gold and silver mining stocks, and to be in place to profit enormously as the risk is wrung out, and the prices turn up.
Will we identify it? Will we get in in a timely manner? Will we be able to load up and go for the ride? It’s looking that way… so far! We can never be sure, but we do all that we can to tilt the odds more in our favor. And, if the OEXpert Timer is any good at the timing of gold price… then, we are going to continue to do just fine!
Here’s to your accumulation of real wealth!
Harold F Crowell