A buy signal is triggered when both indicators close above their mid Bollinger bands. Have buy signal one indicator and waiting for the other. Signals of this type last 1 1/2 years or longer. $GDX $GLD $xau

Bottom window, daily 50 day average of the up down volume percent for GDX. This is a momentum chart and is designed to catch the trend. Up trends in $GDX are in force when the 50 day average of the up down volume above “0” (current reading is +14.46) (noted in light blue).

bottom window is the monthly $GDX up down volume; next higher is the monthly A/D and next higher is monthly GDX/GLD ratio all with Bollinger bands. Shaded green is when all three above mid Bollinger band (bull) and shaded pink below (bear). Signals last > 1 1/2 yr. $gld $slv

Bottom, monthly $GDX up down vol.; next higher monthly A/D & next higher is monthly GDX/GLD all with Bollinger bands. Green is when all three above mid Bollinger band (bull) and pink below (bear). Signals last > 1 1/2 yrs. May ended Friday triggering buy signal $GLD $XAU

Last post was 6/3/24 which was a buy signal on the monthly $GDX. Updated chart to today's trading. This buy signal should last into late next year; enjoy the ride.

Shaded light pink the times when this ratio fell below .115 range and than extend up in shaded light green where GDX price occurred (top window). Lows in $GDX corresponded with SLV/Gld reading near .115 and below. New high in GDX is possible.

bottom window, 10 day average of the Equity Put/Call ratio; next higher window 5 day average. When both moving averages have reached bearish levels the $SPX either stalls or declines. We market with red dotted lines the times when both moving averages reached bearish levels.

10 period RSI near 30 for the SPX/TLT ratio has picked out worthwhile lows in the $SPX $SPY. The previous election lows of 2016 and 2020 the SPX/TLT RSI reached near 30 and it may happen again in 2024.

Short term lows are likely in $GDX when 3 of the 4 indexes trade outside of the outer Bollinger band. Currently there are 3 indexes below their lower Bollinger band suggesting a low is near (noted in shaded green).

bottom two window at the GDX 18 average of the up down volume and A/D. Readings above -10 suggests another $GDX rally is started. We noted current readings in the red box.

The second window up from the bottom is the 63 day $TRIN. intermediate term highs form in $SPX when the 63 day TRIN falls below 1.00 (current reading is .98). We shaded in pink the times when 63 day TRIN <1.00.

Going back to 2016 the weekly $hui / $gold ratio below .12 has been a good buy for HUI; current reading is .11

Monthly $GDX upper Bollinger band has been exceeded near 80% showing extended market. Rare signal but expect a pull back to support in the coming weeks which lines near 39.00 range.

$GDX may have started a pull back. Bottom two indicators are designed to catch the trend. A close below -10 on both (both are near -7) suggests that GDX has started downtrend. Support lies near 39.00.

$GDX may be making a double top at the mid April high near 53.00. When GDX/GLD; GDX up down volume; GDX advance/decline and GDX reach above upper Bollinger band (noted with blue dotted lines), GDX consolidation is likely.

The week of 6/9 tested the previous weekly high on 20% lighter volume and a bearish sign. The weekly 6/23 low tested the weekly low of June 9 on higher volume suggesting that low will be tested if not exceeded in the coming weeks and keeps the trend bearish for $GDX;

Above is the monthly $GDX. June high tested the April high on 30% lighter volume and than closed below the April high and a bearish sign. If a market can’t take out the previous high with equal or higher volume it will reverse and attempt to take out the previous low. The

The bottom window is the 18 day average of the up down volume for $GDX and next higher window is the 18 day average of the advance/decline for GDX. GDX is considered in an uptrend when both indicators are above -10 and a downtrend when below minus 10. Current reading of the up

The bottom window the daily GDX/GLD ratio and higher window is the daily GDX and top window is the RSI for the GDX/GLD ratio. When the daily RSI for the GDX/GLD ratio reaches above +68 ( current reading is 71.09) GDX is extended and due for a pull back. We noted with red lines

We marked the times when the monthly RSI reached above +70 (current reading is 75.67) with red dotted lines. In all cases the $XAU at least stalled and in most cases a consolidation started that lasted several months. Notice also that the monthly XAU is running into the 2011