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Thursday, October 24, 2019 7:05:11 AM
By: Tim Ord | October 23, 2019
SPX Monitoring purposes; Flat.
Monitoring purposes Gold: Long VanEck Vectors Gold Miners ETF (NYSE:GDX) on 1/29/19 at 21.96.
Long-term Trend SPX monitor purposes; Long SPX on 10/14/19 at 2966.15.
Above is a longer-term indicator that has been good at identifying highs on the XAU. Above is the monthly XAU/Gold ratio and the bottom window is the monthly Slow Stochastic of the monthly XAU/Gold ratio. When the monthly slow Stochastic of the XAU/Gold ratio reaches above 80 the XAU was near an intermediate term high. This chart goes back to 1984 and the red horizontal lines identify the times when Slow Stochastic reached above 80.
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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!
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