SPX Monitoring purposes; Long SPX on 10/22/18 at 2755.88. Monitoring purposes GOLD: sold 11/27/18 at 18.88=gain .075%; Long GDX at 18.72 on 8/17/18 Long Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78
We have a longer-term cycle low due early next year and it's starting to look like it could come in January (not far away). We have shown this chart in the past and have updated to yesterday’s close. It's worth keeping an eye on this chart as it depicts a bullish larger scenario. The above chart is the monthly Silver/Gold ratio going back to late 1999. Longer term bullish bottoms have formed (both for Gold and Gold stocks) when the Silver/Gold ratio dropped below .013 (current reading is below .012). The Silver/Gold ratio has generally been below .013 for nearly one year, which in our view suggests a lasting rally in gold and gold stocks is forthcoming. We sold our long GDX position (11/27/18) at 18.88 for a .075% gain; Long GDX at 18.72 on 8/17/18. We will wait for the next bullish setup.
Market Data 
Markets 
AI
