HUI dropped hard below 217 to a low of 213.10, and as of 1:45 US Eastern time has made a reversal candle. That would qualify as ‘holding 217’ if it ends the day this way. I am taking a shot with two of the most quality items I can think of (so the fundamental guys tell me :-)), SLW and RGLD. A couple Royalty/Streamers representing silver and gold.
Note the Hammer candles and note RGLD filling a gap.
I suppose it is a speculation, but these are real companies and I am again (cue the Groundhog Day references) taking a poke at the sector.
Just FYI and no recommendation for anyone else. If I am wrong I will undo this ASAP and probably without making an update about it. ‘Wrong’ would probably constitute a failure and decline and close below HUI 217.
