Replies to post #4323 on Gold and Silver miners (Jr and Exploration)

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The Ord Oracle
By: Tim Ord | September 4, 2019

SPX Monitoring purposes: Sold SPX on 8/27/19 at 2869.16= gain .77%; long 8/23/19 at 2847.60.

Monitor purposes GOLD: Long GDX on 1/29/19 at 21.96.

Long Term Trend SPX monitor purposes: Sold SPX 7/5/19 & 2990.41= gain 2.63%.



We are watching this chart closely, as it is at an area where a signal could be triggered. The 18-day moving averages of the UP Down Volume (second window up from bottom) and 18-DMAs of the Advance/Decline (bottom window) are above “0”, but not by much. A close near the minus 10 level on both indicators would suggest GDX is starting a larger consolidation phase. Both indicators remain above “0” and bullish for now. GDX’s next upside resistance is the 2016 high near the 31.00 level. The longer-term trend remains up and the intermediate-term trend remains up for now. Long GDX on 1/29/19 at 21.97.

Tim Ord,

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