NFTRH; Miner Support Threat

There is not much new here, but I thought I would pass along an updated view by daily charts…

It is easy to call the sector over exuberant and measure a downside target ahead of time, but it not as easy to follow the progress during the ups and downs of many weeks on the way to a potential target.

Premier silver stock SLW shows a breakdown that could be a guide for gold miner GG (below) and for HUI…

slw

GG is at its decision point along with the sector in general…

gg

Considering what we have seen in silver and gold lately and the long standing 220 to 225 target on HUI, anyone who does not want to participate in a ride down to HUI 220 (equv. of GG to 25) should continue to manage risk accordingly.  That is what I for one will be doing.