Gold Miners ETF (GDX)

[DiscoverGold]

The Ord Oracle
By: Tim Ord | September 25, 2019

SPX Monitoring purposes; SPX on 9/18/19 at 3006.73.
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%.



Above is monthly Silver/Gold ratio going back to 2000 (center window). The bottom window is the monthly RSI
of this ratio. Longer term lows in this ratio have been found when the monthly RSI of this ratio reaches near 30. We
have marked with blue (and one red for the current timeframe) vertical lines where the RSI was near 30. The RSI
30 range has marked lows in this ratio, in some cases that last years. The current RSI 30 range came in June 2019
and has risen since. The rising of the ratio shows that Silver is outperforming gold and that condition usually
happens in precious metal bull markets. Long GDX on 1/29/19 at 21.97.

Tim Ord,

Editor

Read Full Story »»»

• DiscoverGold

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