GOLDBUGS AMEX Goldbugs Index (GOLD)

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The Ord Oracle
By: Tim Ord | December 2, 2020

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SPX Monitoring Purposes: Sold 11/27/20 at 3638.61=gain 5.36%; 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.



The last time we showed this chart was 11/23. The chart above is the daily GLD (ETF for Gold). We have marked in red the "Selling Climax" days and in blue the test of the "Selling Climax" days. On 11/23, the test of the "Selling Climax" day of 11/9 came and, to complete the bullish signal, GLD needs to close above the "Selling Climax" low (173.64). As of this reporting, the close is about 3 points higher. If and when GLD close above 173.64, it will complete the buy signal. Impulse wave coming, but need to be patient. Long GDX on 10/9/20 at 40.78.

Tim Ord,

Editor

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