GOLDBUGS AMEX Goldbugs Index (GOLD)

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~~~ The Ord Oracle
By Tim Ord | June 26, 2017

• SPX Monitoring purposes: Short SPX 6/26/17 at 2439.07
• Monitoring purposes GOLD: Long GDX on 6/22/17 at 22.36
• Long Term Trend monitor purposes: Neutral.



The bottom window is the Up down Volume percent indicator which made a higher high while GDX made a lower high which is a positive divergence and above “0” and a bullish sign. Next window up is the Advance/Decline percent which has made higher high while GDX made a lower high and another positive divergence and above “0” which is bullish. A bullish divergence is present with the GDX/GLD ratio. GDX has made a lower high today as the GDX/GLD ratio made a higher high suggesting at some point GDX will make a higher high. Normally GDX/GLD ratio leads the way for GDX. The pattern that appears to be forming is a “Triangle pattern” which normally breaks in the direction that preceded it, which is up in this case. Long GDX on 6/22/17 at 22.36.

http://www.talkmarkets.com/content/commodities/spxvix-ratio-rallies?post=140072

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