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Wednesday, November 21, 2018 1:21:27 PM
The Ord Oracle
By: Tim Ord | November 21, 2018
» SPX Monitoring purposes; Long SPX on 10/22/18 at 2755.88.
» Monitoring purposes Gold: Long VanEck Vectors Gold Miners (NYSE:GDX) at 18.72 on 8/17/18
» Long-Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78
Philadelphia Gold/Silver hasn’t done a lot form the September low, more or less trending sideways. XAU did break its June low where Inflation/Deflation ratio matched its June low. The Inflation/Deflation ratio tends to lead the way for XAU. Back at the 2016 top, Inflation/Deflation ratio made a lower high where XAU made a higher high warning that a top was near (proved to be a correct call). Now Inflation/Deflation ratio is matching it June low and XAU has broke to new lows, which shows a positive divergence. The Gold Commercials are short at 1823 contracts which have marked major lows in the past. The last time the Gold Commercials had this less of a short was back at the 2001 gold bottom. Long GDX at 18.72 on 8/17/18. New Book release "The Secret Science of Price and Volume" by Timothy Ord.
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• DiscoverGold
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By: Tim Ord | November 21, 2018
» SPX Monitoring purposes; Long SPX on 10/22/18 at 2755.88.
» Monitoring purposes Gold: Long VanEck Vectors Gold Miners (NYSE:GDX) at 18.72 on 8/17/18
» Long-Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78
Philadelphia Gold/Silver hasn’t done a lot form the September low, more or less trending sideways. XAU did break its June low where Inflation/Deflation ratio matched its June low. The Inflation/Deflation ratio tends to lead the way for XAU. Back at the 2016 top, Inflation/Deflation ratio made a lower high where XAU made a higher high warning that a top was near (proved to be a correct call). Now Inflation/Deflation ratio is matching it June low and XAU has broke to new lows, which shows a positive divergence. The Gold Commercials are short at 1823 contracts which have marked major lows in the past. The last time the Gold Commercials had this less of a short was back at the 2001 gold bottom. Long GDX at 18.72 on 8/17/18. New Book release "The Secret Science of Price and Volume" by Timothy Ord.
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• DiscoverGold
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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
