Miners: Real or Another FOMC Week ‘Memorex’?

The Hecla Mining (HL) chart is among the bullish setups that will either be confirmed or ruined in the wake of the FOMC meeting

Using a stock that I bought recently, Hecla (HL) as an example, is this bullish consolidation break (and associated sweet RSI & MACD) real or Memorex?

I ask the question because due entirely to market history I have been trained to expect turbulence, especially in the miners, when a group of powerful monetary conspirators meets to decide whether to manipulate, continue to manipulate or cease manipulation of asset markets.

hecla mining

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.