Gold Miners ETF (GDX)

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The Ord Oracle
By: Tim Ord | December 28, 2017

SPX Monitoring purposes; Long SPX on 12/27/17 at 2682.62.
Monitoring purposes GOLD: Long GDX on 12/20/17 at 22.49
Long Term Trend monitor purposes: Neutral.



The COT Commercials short position stood at 128K last week; up from 119K the week before; still in bullish levels but less so than a week before. The bottom window is the Up Down Volume indicator which is above “0” and rising and bullish. Next window up is the Advance/Decline indicator which is also above “0” and rising and bullish. Top window is the RSI which is greater than 50 and on a bullish signal. Support lies near 2.75. Trend is up and bullish trend could last for months. Long GDX on 12/20/17 at 22.49.

Tim Ord,
Editor

http://stockcharts.com/articles/tac/2017/12/tim-ord-the-ord-oracle-december-28-2017.html

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