Could the re-emergence of Mr. T be the mother of all sell signals for gold?
Kevin Depew, Editor-in-Chief of Minyanville, explored the “Mr. T Gold Indicator” in a wonderfully written – and hysterical – article:
The Mr. T Gold Indicator is a proprietary technical indicator created by Minyanville to identify and anticipate prospective exhaustion points in the price data for gold. Some technical indicators rely on formulas applied to the price data of a security, but these types of indicators can be very subjective, requiring an analyst to view the signals that are generated within the context of still more indicators! The Mr. T Gold Indicator, on the other hand, is completely objective and easy to use. All you have to do is look at Mr. T. What could be easier than that?
You can read more about the Mr. T Gold Indicator here – and learn if you should indeed “pity the fool” who is currently long the barbarous relic!
Source: Minyanville – Has the Mr. T Gold Indicator Given a Sell Signal?
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