In the next next 2 years gold and HUI will rise significantly while DJI will fall by further 50%. HUI:Gold ratio which is still quite low (0,16) will rise to about 0,45. Enter mines now and exit after HUI:Gold exceeds 0,4.
Long Gold stocks HUI and short Financial XLF ratio close to 15 level breakout. Above and we are off to the races. Note the post 2008 crisis long term outperformance.
Triangle broke, sentiment hot, buying pullbacks $GDX, $GDXJ, $SIL
Gold and currency goes the different way in the same entity. But in different economical entity, it will depend in how close the economy of the area or country relies on the US dollar.
Maybe the HUI is not for you, but find a way to own gold or those who dig it out of the ground. Get long and be patient while the the Big Bear runs its course....
Falling wedge at decade old channel line $GC_F, $GDX, $GDXJ
We all know why gold stocks should go higher. It looks like (HUI) found a bottom and started to trade higher. I use my unique trading strategy based on Fibonacci numbers and Golden spiral.
Following the negative trend in Gold the HUI index has lost 27% within 2 months approx. It has left the negative trend channel to the bottom, forming a new and tighter trend channel (red). But also this pattern has been broken. And now the index has entered a diamond pattern, which is a reversal pattern. As Gold and Silver also are signalling more strengt, it...
I'm on watch to short any and all rips on this chart. I don't want to chase this decline though but I'm sure we'll get some nice spike ups thanks to the huge short interest
This chart looks horrible for the goldbugs. The long fight about the EMA 20 is lost and therefore a rapid decline is probable, which may accelerate with the bearish crossing of the important horizontal support (yellow). Target is the lower leg of the bullish wedge. Afterwards there may be a big move to the upside as a wave 3.
At confluence support area $HUI, $GDX, $GDXJ
The Index swings within a negative trend channel. It rebounded on the lower limit of the channel, also the fib retracement 38.2% (170). Since march 18 it climbed with little steps to the next resistance - a falling trend line, that is coming from june 2011. This had to be broken - what happened - to confirm the positive move. The trend line is now support and has...