How Does the Mr. T Gold Indicator Work?
Good question. The Mr. T Gold Indicator is based on the five squares series of price points using .9444 for downside trend factors and .05556 for upside trend factors, multiplying either .9444 or .5556 by the close of the high (or low) that is referenced by the first series of price objective within the oscillating trend channels. Hahaha! Just kidding (although it would be cool if that really was the Mr. T Gold Indicator formula). The truth, however, is the Mr. T Gold Indicator is simply based on the appearance and popularity of Mr. T. Minyanville has discovered that over the years Mr. T’s appearance in the news and rises and falls in his popularity are subconscious reminders telling us when the yellow metal has reached an important price peak. 3. Surely, you cannot be serious, do you think I am a fool? Like Mr. T, we pity the fool. The reason Mr. T pities the fool is because Mr. T knows his gold. In fact, Mr. T developed his gold-wearing ability during his days as a bouncer, confiscat
