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Thursday, November 15, 2018 7:24:55 AM
The Ord Oracle
By: Tim Ord | November 14, 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
We are looking for signs that a rally that began back in September may continue, as a longer term weekly divergence is present between the Inflation/Deflation ratio and XAU. The XAU is testing its September low now and the Inflation/Deflation ratio is also; so far there is no positive or negative divergence and not giving a clue what may come nest. We are looking for a low shortly in the SPX, and if the XAU (GDX) bottoms along with the SPX and both rally together, it will be a bullish sign for the XAU (GDX). However, if the XAU (GDX) fails to rally with the SPX, it will be a bearish sign and we may sell our long GDX position. Long GDX at 18.72 on 8/17/18.
Tim Ord,
Editor
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• DiscoverGold
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By: Tim Ord | November 14, 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
We are looking for signs that a rally that began back in September may continue, as a longer term weekly divergence is present between the Inflation/Deflation ratio and XAU. The XAU is testing its September low now and the Inflation/Deflation ratio is also; so far there is no positive or negative divergence and not giving a clue what may come nest. We are looking for a low shortly in the SPX, and if the XAU (GDX) bottoms along with the SPX and both rally together, it will be a bullish sign for the XAU (GDX). However, if the XAU (GDX) fails to rally with the SPX, it will be a bearish sign and we may sell our long GDX position. Long GDX at 18.72 on 8/17/18.
Tim Ord,
Editor
Read More »»»
• 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
