HUI has fallen from the upper limit of the descending trend channel to its lower limit. It rebounced on the lower level and now has rosen above the long descending trend channel - this is a good sign. If gold and silver don´t get weaker than they are actaully then we´ve got good chances that the HUI - Index will test the upper limit of the trend channel. Dollar...
HUI has just broken the lower limit of the trend channel, but also the support at 170 pt (fib retracement 38.2%). This is a very bearish sign, if it doesn´t turn immediately to re-enter the comfort zone. If not there is the risk that HUI would fall on 143 pt (fib retracement 23.6%) - with only one support line in between (160$). What is estonishing as well is...
HUI has fallen from the top of the trend channel to its bottom. On this support level it has rebounded and could now be on the way to the opposite side of the trend channel. For short term investors this offers good buy opportunities. From bottom to top: + 21% Have in mind that there is the long term trend line (descending) and the index has to break through the...
The index has crossed from the upper limit of the trend channel to its lower limit and is now very near to it. On this level we also find the fib retracement 38.2% . If it´s broken and the trend channel is left behind then HUI could continue to fall until the fib retracement at 23.6% (143 pt). On the other hand, if the price rebounds from the lower limit then...
buy: above the dotted line (green arrow) the line connects three peaks of the past week stop: below the dotted line (red arrow) the line connects four valleys of the past week The index is above the long descending trend line (dashed line) RSI and MACD without strong signals = neutral With stocks and cryptos going down a switch of investments in metals and...
and a BUY signal for GDX
Liftoff has begun. It is time to be "all in" on the precious metals and the mining stocks, particularly Silver! All of my silver mining stocks are popping. The metals will be right behind. It may start slowly for the rest of December but will be reaching exit velocity by January. Get on board for the "greatest bull market in financial history"! Chartsmaster
HUI has touched the support line and has tested it twice. We can expect now rising courses to the fib retracement at 190 points. MACD: signal line triggered but weak RSI: turned to positive direction - 43 is not strong
It is taking a long time to fully develop, but the "greatest bull market in history" will become fully apparent in 2018. After the July rally that lasted for two months, the correction in gold, silver and the mining stocks has been grinding on for months. This has finally accomplished what needed to happen before the bull market could really takeoff. Sentiment had...
You have to look for other ways to explain this drop. Search out other bottoms. If 160 don't hold look for 120, 3rd down channel kiss.
The Index for unhedged Goldminers HUI has shown some movements - up and down. Since beginning of the year 2017 the index is catched between fibb level 23.6% and 38.2% - or shortly below. We have had a false break out at september 08 (bull trap). And in the following weeks performing a clear shs formation. At that time it was previsible that the index would fall -...
The HUI has broken out of the ascending triangle and I expected it to fall further. But it stopped and turned - perhaps the index of the goldmines will return to the triangle. The time cycles show that around this point(+- some bars) one can expect a change in trend, as it has been in the past. The fibb retracement is now resistance and has to be broken if HUI...
The Index of the unhedged miners HUI is at the moment weak. The index is approaching the fibb retracement at 23,6% (190) . This fibb retracement isn´t a very good indicator, not so strong as others! MACD is neutral, but the trigger line (blue) is turning down. RSI is under 50 Points, that´s clearly negative terrain. With a little luck, the fibb retracement at...