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Monday, January 24, 2011
Precious Metals....OB/OS Update
Updated from December 12,2010...
This chart starts at March 2009...
Turquoise = precious metals mutual fund...note that after investors sharp redemption's, a bottom in the price of gold formed (this chart does not have the price chart for gold...please compare this chart to a gold chart and match up the dates)...It is easier to spot bottoms than tops...
Again there were a lot of redemption's in this Precious Metals mutual fund...
Past performance is not indicative of future results.
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The gold mutual fund appears to have the footprint of a very large player going in and out at their times. An interesting comparison.
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Let's see what happens this time...