NFTRH+; Gold Stock Traders Keep an Eye on This

As it stands now we already do not have good fundamentals for a gold miner rally but still do have an ongoing technical bounce sprung by over-bearish sentiment. HUI has dropped to just above the 273 target per Monday’s update.

The HUI/Gold ratio has also pulled back and so far held a higher low, which it needs to continue to do in support of the bounce/rally theme. If a higher low to March does not hold we’d have a pretty significant negative signal in play. Just fyi…