Gold Miners ETF (GDX)

[DiscoverGold]

The Ord Oracle
By: Tim Ord | October 24, 2018

SPX Monitoring purposes; Long SPX on 10/22/18 at 2755.88.
Monitoring purposes GOLD: Long GDX at 18.72 on 8/17/18
Long Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78



The top window is the bullish percent index for the Gold Miners index. The Bullish Percent index measures the percent of the stocks in the Gold Miners Index that are on Point and Figure buy signals. Yesterday this percentage came in at 27%; today it jumped to 30%, showing the market is getting stronger. Also, as long as the Bullish Percent index continues higher, so should GDX. Still expect higher price for a high in November that could be in the 20.00 to 26.00 range. Long GDX at 18.72 on 8/17/18.

Tim Ord,
Editor

Read More »»»

• DiscoverGold

Click on "In reply to", for Authors past commentaries