Replies to post #2405 on Gold Miners ETF (GDX)

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The Ord Oracle
By: Tim Ord | November 20, 2019

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SPX Monitoring Purposes: Flat.

Monitoring Purposes GOLD: Long GDX on 1/29/19 at 21.96.

Long-Term Trend SPX Monitor Purposes: Sold long-term SPX on 10/24/19 at 3010.29=gain 1.49%; Long SPX on 10/14/19 at 2966.15.



The bottom window is the 18-period moving average of the Advance/Decline percent and the next window up is the 18-MA of the Up Down Volume percent. What we want to point out on both indicators is that both are “coiling” above the “0” level. This coiling can also be observed back in mid-2018 right before GDX plunged from 22.00 to 17.00. The coiling back in 2018 was below the “0” level, which is bearish, and the coiling now is above the “0” level, which is bullish. This suggests a surge is forthcoming in GDX. Long GDX on 1/29/19 at 21.97.

Tim Ord,

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