GOLDBUGS AMEX Goldbugs Index (GOLD)

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The Ord Oracle
By: Tim Ord | September 18, 2019

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SPX Monitoring purposes: Sold SPX on 8/27/19 at 2869.16= gain .77%; long 8/23/19 at 2847.60.

Monitor purposes GOLD: Long GDX on 1/29/19 at 21.96.

Long Term Trend SPX monitor purposes: Sold SPX 7/5/19 & 2990.41= gain 2.63%.



The top window is the daily Bullish Percent index for the Gold Miners index with a ten-period moving average. The BPI measures the percent of stocks in Gold Miners index that are on Point & Figure buy signals. Readings above 40% on this indicator have lead to rallies in the GDX. When this indicator falls below 40%, a bearish signal is triggered. The current reading is 82.08%, which suggests the bull rally in GDX is alive. The intermediate-term rally in GDX appears in play and could extend into the December timeframe. Long GDX on 1/29/19 is at 21.97.

Tim Ord,

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