Home > Boards > Commodities > Metals > GOLDBUGS AMEX Goldbugs Index (GC\Z21)

The Ord Oracle

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
DiscoverGold Member Profile
Member Level 
Followed By 573
Posts 78,165
Boards Moderated 44
Alias Born 03/10/04
160x600 placeholder
Top Company News of the Day
Axel Springer, whose $1 billion acquisition of Politico is expected to close next week, is also planning foreign-language editions.
Corn Rises as Farmers Hold on to Harvests -- Daily Grain Highlights
Front Month Nymex Natural Gas Fell 2.79% This Week to Settle at $5.4100 -- Data Talk
Front Month Nymex RBOB Gasoline Rose 5.08% This Week to Settle at $2.4864 -- Data Talk
CureVac Shares Down 12%
Housing Starts and Existing Home Sales on the Docket -- Data Week Ahead
Twitch Confirms Source Code Leak; Passwords Not Exposed
U.S. Oil-Rig Count Rises by 12 in Latest Week, Baker Hughes Says
Genentech: FDA Approves Tecentriq as Adjuvant Treatment for Certain Lung Cancer Patients
FTSE 100 Index Ends the Week 1.95% Higher at 7234.03 -- Data Talk
DAX Ends the Week 2.51% Higher at 15587.36 -- Data Talk
STOXX Europe 50 Index Ends the Week 2.50% Higher at 3628.05 -- Data Talk
EURO STOXX 50 Index Ends the Week 2.69% Higher at 4182.91 -- Data Talk
CAC 40 Index Ends the Week 2.55% Higher at 6727.52 -- Data Talk
STOXX Europe 600 Index Ends the Week 2.65% Higher at 469.39 -- Data Talk
Rising Demand Just One Factor in Inflation, Supply Chain Woes
Lockheed Martin Currently Up Nine Consecutive Days, On Track for Longest Winning Streak Since October 2017 -- Data Talk
FTSE Closes Up, But Loses Strength of Morning Opening
U.S. Consumer Sentiment Decreased in Early October -University of Michigan
Leonardo Says It Didn't Supply Airbus With Components From Embattled Subcontractor -- Update
VC Daily: Question: What Makes Decentralized Finance Attractive to Investors?
Caterpillar Names First Chief Sustainability and Strategy Officer
ITA Begins Operations as Italy's New National Flag Carrier
LumiraDx Shares Rise 13% Premarket on EUA Submission to FDA
DiscoverGold Member Level  Wednesday, 07/21/21 02:59:57 PM
Re: None
Post # of 41329 
The Ord Oracle
By: Tim Ord | July 21, 2021

SPX Monitoring Purposes: Sold 7/20/21 SPX 4325= gain .08%; long SPX 6/28/21 at 4290.61.

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

Long-Term SPX Monitor Purposes: Neutral.

We do not expect major support near 250 on the HUI to be broken for any length of time. What we said last Thursday still goes: "Have to keep an eye on the bigger picture as the bigger timeframes rule the smaller timeframes. Above is the monthly HUI going back to 2011. The middle window is the monthly HUI. HUI broke above 275 resistance back in mid-2020 and is now support. This major support line dates back to 2013 and unlikely to be broken other than for brief periods. The monthly mid-Bollinger bands define the trend for this market, which is rising. Monthly RSI above 50 also suggests the trend is up and the RSI has been above 50 since early 2019. HUI is at major support and waiting for the next rally phase to begin." We updated the blue horizontal trend line and moved it to the March low near 250; it appears to be the logical place for it to be. Back in April 2020, HUI broke above that 250 seven-year trend line and it likely will hold that major support. Though it seems scary, scary is good at bottoms and it what is needed.

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 MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences