On August 26, 2025 it was noted that the Gold Miners Bullish Percentage Index ($BPGDM) hit a peak reading of 100 on August 8, 2025. This peak should be followed by a minimum daily volume above 30 million shares in GLD. When that occurs it indicates Market Maker’s have run out of buyers and a consolidation phase should start. This happened after the July 1, 2016 and July 2, 2020 bullish peaks. The next move upward is expected to start when the Gold Miners Bullish Percentage Index drops below 20.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
