GOLDBUGS AMEX Goldbugs Index (GOLD)

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The Ord Oracle
By Tim Ord

* January 10, 2017

• SPX Monitoring purposes; Covered 12/30/16 at 2238.83= gain .46%; Short on 12/29/16 at 2249.26.
• Monitoring purposes GOLD: Long GDX on 12/28/16 at 20.25.
• Long Term Trend monitor purposes: Short SPX on 1/13/16 at 1890.28



The gold stock market is getting stronger. The chart above is the Bullish Percent index for the Gold Miners index. The Bullish Percent index measures the percentage of stocks in the Gold Miners index that are on “Point and Figure” buy signals. This chart last updated last Friday and that percentage came in at 42.86% and up significantly from the January 1 where is was near 10%. The bullish Percent level is back where it was at First of October when the XAU was near 95.The current level on the XAU is 85.40. We expect the Bullish Percent index to continue to move higher and possible to reach 100% again like it did back in July.In general, GDX should continue to move higher also. Long GDX on 12/28/16 at 20.25.

http://www.talkmarkets.com/content/us-markets/the-vix-has-been-running-and-staying-low-for-an-extended-time?post=118241

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