GDX Robot v TEF Volume Flow for PM ETF's/Stocks/Futures
Pascal,
This is probably a very naive comment but I am a little perplexed with the different signals seen from the GDX Robot against the TEF volume flows into the Precious Metals ETF's/Stocks/Futures.
The money seems to be flowing out of the PM sector but the GDX Robot is on a Strong Buy.
What is the Robot seeing that is not obvious from the action of the other instruments ? Is the TEF Volume outflow a good sign for future returns from your testing ?
Thanks in advance for answering a possibly stupid question :O(
Trev
2 Attachment(s)
Update for Friday, September 30th
I note with interest the complete LEV/TEV reversal in GDX at the end of the day:
[ATTACH=CONFIG]10673[/ATTACH]
Pay particular attention to the spike in LEV (blue trace, lower pane) in the last minutes of the day.
I also note with interest that NUGT, the +2x leveraged ETF on the GDX, did NOT show the same pattern:
[ATTACH=CONFIG]10674[/ATTACH]
This stresses the importance of using the underlying (GDX) to base decisions and then the leveraged instrument (+NUGT, -2DUST) to play your hand ...
We *may* be getting close to seeing the fruits of our labors here ... time will tell.
Regards,
pgd