The Grasberg-Saville Gold Rating (GSGR) spent its 8th week in bearish territory below 50. Nevertheless, the gold price remained fairly firm, which we perceive as generally bullish.
The GSGR bottomed out in the week of 9 September and has since made a higher low (10/21). This indicates a slight improvement in referenced fundamentals.*
*The Grasberg-Saville Weekly Gold Rating measures the following fundamental drivers:
- Treasury Inflation-Protected Securities (TIPS)
- KBW Bank Index Inverse Change Ratio
- 30-Year/Dollar Ratio
- 30s/5s Yield Curve Change Ratio
