Replies to post #2016 on Gold Miners ETF (GDX)

[DiscoverGold]

The Ord Oracle
By: Tim Ord | March 13, 2019

SPX Monitoring purposes; Long SPX on 3/8/19 at 2743.07.
Monitoring purposes Gold: Long VanEck Vectors Gold Miners (NYSE:GDX) on 1/29/19 at 21.96.
Long-Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78



The second window up from the bottom is the 50 period moving average of the Up Down Volume. Readings above “0” are a bullish sign for GDX. Also bullish is that Up Down Volume has made higher highs and a bullish divergence for GDX showing market getting stronger. Next window up is the 50 day moving average of the Advance/Decline. Readings above “0” are also bullish sign for GDX. This indicator also has made higher highs showing market is getting stronger. Also long as both Up Down volume and Advance/Decline indicators remain above “0” the uptrend should continue. Long GDX on 1/29/19 at 21.97.

Read Full Story »»»

• DiscoverGold

Click on "In reply to", for Authors past commentaries