Home > Boards > Commodities > Metals > GOLDBUGS AMEX Goldbugs Index (GC\Z20)

The Ord Oracle

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
DiscoverGold Member Profile
Followed By 169
Posts 64,225
Boards Moderated 38
Alias Born 03/10/04
160x600 placeholder
DiscoverGold   Friday, 11/20/20 04:02:58 PM
Re: None
Post # of 40330 
The Ord Oracle
By: Tim Ord | November 18, 2020

* (Click Read Full Story »»» at the bottom of the page for the charts to appear on the post)

SPX Monitoring Purposes: Long SPX 10/22/20 at 3453.49.

Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78.

Long Term SPX Monitor Purposes: Long SPX on 10/26/20 at 3400.97

As we said yesterday, "As we pointed out in the past, the Bollinger Bands are pinching on both the weekly GDX and GDX/GLD ratio. The pinching of the Bollinger bands suggests the corrective phase is near an end and an impulse wave is about to begin. Since the Bollinger bands are pinching on a weekly timeframe, the coming impulse wave may last several months (we are thinking rally could last into February). Notice also that GDX is at the low of the candle two weeks ago and GDX/GLD ratio is near the lower third of the candle from two weeks ago, showing GDX/GLD ratio is stronger than GDX. This shows that GDX is stronger than GLD, which is what happens in bull moves for GDX. There was a bump in volume on the rally in GDX two weeks ago, which is also a bullish sign." As in the past, the rally will come when least expected, which should be sooner rather then later according the Bollinger bands pinching. Long GDX on 10/9/20 at 40.78.

Tim Ord,


Read Full Story »»»


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. Caveat emptor!
• DiscoverGold
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences