Replies to post #1664 on Gold Miners ETF (GDX)

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The Ord Oracle
By: Tim Ord | July 12, 2018

• SPX Monitoring purposes; Long SPX on 6/29/18 at 2718.37.
• Monitoring purposes Gold: Long GDX on 7/6/18 at 22.61
• Long Term Trend SPX monitor purposes: Long SPX on 6/29/18 at 2718.37



The above chart is the weekly Gold Miners index going back 12 years. The top window is the Bullish Percent index for the Gold Miners index with a 10 period moving average. Bullish signals have been triggered when the 10 period moving average of the Bullish Percent index closed above 40% (current reading is 46.07%). The closing above 40% bullish signal was triggered back in April about where the market is now. These weekly bullish percent index signals can last for months and longer. With the short term picture turning bullish for GDX, we are expecting the pinching of the Bollinger bands on the Gold Miners index start to widen, hopefully before July ends. Long GDX on 7/6/18 at 22.61.

https://www.investing.com/analysis/the-market-analysis-200330487

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