Preview

Founders Recording: Gold's New Friday Pattern

Sunday’s Gold chat focused on (an oldie but goodie) reemerging pattern in Gold likely manifesting in part because of the BRICS Aug 22 event.

Sunday’s Gold chat focused on (an oldie but goodie) reemerging pattern in Gold likely manifesting in part because of the BRICS Aug 22 event. Plus a couple bonuses at bottom

Here is a loose list of topics covered in the video

Overview

  • Pattern recognition

  • Backtesting/ regression analysis

  • Making an algorithm

Early career examples

  • Fire Drills and PTJ

  • Steve Cohen- earnings survey spoof

  • Lunch time, dead zone during the Fix

The Goal: to make money

  • Statistical Basis: how they are tested, used

  • Intuitive starting points

  • behavior, behavior, behavior

  • Event driven: earnings, one time events, infrequent but known, regularly repetitive

Gold’s Current Pattern

  • Friday behavior last 4-5 weeks

  • Friday behavior last 10-12 weeks

  • what is the pattern observed

  • what is the pattern that can automated and traded DAILY ONLY

  • We don’t care why…. just make money

  • But here is why anyway.. save money

  • pattern Strengthening or weakening over time?

  • how can we refine it: volume, OI, TA tools

  • geopolitical risk- the behavior is the same, the events are new

  • don’t go home short/long with geopolitical risk

CFTC Analysis

  • OI says may be near bottom

  • Price activity says not yet

  • seasonal factors

Slides

The full video is for paid subscribers

GoldFix
GoldFix
Authors
VBL