Mar

28

Here is a table

Expectations of gold when above and below moving average in new millennium .

.....................Expectation next 5 days
................gold above mov avg    gold below MA
length of mov av
....80                 1.7            1.4
....40                 1.8            1.0
....20                 1.0            2.5
....10                 2.2            0.7
.....5                 1.2            2.0  

Thus, we save Dr. Kim some use of minitabs  and conclude that gold below 20 day moving average slitely more bullish than above and all the rest random.

All based on 1500-1800 observations a side.           


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