GOLDBUGS AMEX Goldbugs Index (GOLD)

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The Ord Oracle
By: Tim Ord | May 27, 2020

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SPX Monitoring Purposes: Neutral

Monitoring Purposes GOLD: Long GDX on 4/9/20 at 28.96; Sold 5/18/20 at 35.92 = 24% gain.

Long Term Trend SPX Monitor Purposes: Short SPX 5/13/20 at 2820.



Here is an indicator that may line up for a bullish signal in the coming days. The middle window is the Bullish Percent index for the Gold Miner's index. The top window is the RSI for the Bullish Percent index. Reliable buy signals were triggered when the RSI of the Bullish Percent index fell below 10. The blue vertical lines on chart above show when these signals where triggered. The Bullish Percent index graph was from Friday's close and does not show today's reading. With today's drop in the GDX, it suggests the RSI will below lower than Friday's closing of 25.88, which will be updated later tonight. Sold long GDX on 5/18/20 at 35.92 = 24% gain. Long GDX on 4/9/20 at 28.96.

Tim Ord,

Editor

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