» SPX Monitoring purposes; Long SPX on 10/22/18 at 2755.88. » Monitoring purposes Gold: Long VanEck Vectors Gold Miners (NYSE:GDX) at 18.72 on 8/17/18 » Long-Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78
Philadelphia Gold/Silver hasn’t done a lot form the September low, more or less trending sideways. XAU did break its June low where Inflation/Deflation ratio matched its June low. The Inflation/Deflation ratio tends to lead the way for XAU. Back at the 2016 top, Inflation/Deflation ratio made a lower high where XAU made a higher high warning that a top was near (proved to be a correct call). Now Inflation/Deflation ratio is matching it June low and XAU has broke to new lows, which shows a positive divergence. The Gold Commercials are short at 1823 contracts which have marked major lows in the past. The last time the Gold Commercials had this less of a short was back at the 2001 gold bottom. Long GDX at 18.72 on 8/17/18. New Book release "The Secret Science of Price and Volume" by Timothy Ord.
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