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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)
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To: Tomsr who wrote (131)4/19/1998 8:23:00 AM
From: Richard Mazzarella  Read Replies (1) of 972
 
Tomsr, the expert system forecaster hasn't been available long enough for a track record. However, I can describe my experience. I used the Gold Forecaster to time the XAU and bought the XAU (Rydex RYPMX) at the very bottom and then sold it for a 24% profit a few weeks later when the forecaster said "topping". The XAU turned down right after my sell. During that same time I went against the Stock Market Forecaster recommendation (bought Rydex RYURX (shorts S&P)) and had my head handed to me. The Forecaster charts wavechart.com are called Expert Systems, but are far from it. I did work in artificial intelligence and an expert system would give you an answer, not just charts that need interpretation. In any event, they can be read and interpreted, but that's the weakness. The interpretation is fallible. My current read on the gold forecaster is that short term we have a buy with the trajectory of the intermediate term maybe coming into a buy (it's still a sell) in a couple of weeks. The long term is still buy. That has me believe that we could see a move up in the next few days, then a little stall, and then a significant move up. I bought my RYPMX back again. What ever someone does, please make your own decisions. I am wrong many times and take losses trading regularly.
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