Followers | 689 |
Posts | 143817 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Wednesday, June 13, 2018 1:02:28 PM
By: Tim Ord | June 13, 2018
• SPX Monitoring purposes; Neutral.
• Monitoring purposes GOLD: neutral
• Long Term Trend SPX monitor purposes: Sold 6/7/18 at 2770.37=gain .76%;Long SPX 3/14/18 at 2749.48.
The short term picture is still on a sell signal according to the daily cumulative Up Down Volume and the Cumulative Advance/Decline indicators (see yesterday’s report). Above is the weekly Silver/Gold ratio (ETF SLV/GLD) going back to 2006. In March the SLV/GLD ratio hit into the area where the last two marked major lows in the XAU. The SLV/GLD ratio has been moving up since the March low in the XAU suggests the bottom may have been seen then as the market has moved up modestly. From the December 2015 low the XAU has only retraced 50% suggesting a bullish outcome. Notice that the weekly Bollinger bands on the XAU are narrowing as the XAU trading range has tighten. This extreme low volatility leads to high volatility at some point in the near future (quiet before the storm). The FOMC meeting announcement is tomorrow (2:00 Eastern) and could be the news to get things going. Being patience for now.
Tim Ord,
Editor
http://stockcharts.com/articles/tac/2018/06/tim-ord-the-ord-oracle-june-13-2018.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Recent GDX News
- YieldMax GDXY Name Change • GlobeNewswire Inc. • 01/25/2024 04:22:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM