HUI’s ratios have made positive moves in basing vs. gold and the stock market, plus a look at a few other items in this brief excerpt
Gold stocks are favored, and the following charts support that.
HUI/Gold ratio broke out last week and HUI/SPX remains constructively in its base. Nice.
Indeed, HUI/SPX appears to be following the bullish plan first displayed by gold miners vs. copper miners.
As for silver miners, so robustly cheered by their supporters, this chart gives me little reason to favor them over gold stocks. There is no confirmed bottom in the SIL/GDX ratio. There is, however, a potential Reverse Symmetrical Triangle in formation and that could be a very minor hint of a trend reversal to come one day.
But I am not a single minded gold bug. Normally, I tune out the news of the day, but using Rare Earth Elements as an example, I tuned in the news back in 2023. That news was of China’s stranglehold on the REE market. It was logical to have interest in a U.S. company that not only mined the stuff, but had plans to develop capacity to process it too. Voila, MP Materials, 2025.
REE tag-alongs IDR (U.S.) and LYSDY (Aussie) are also held. The U.S. companies have gone vertical. IDR being much more speculative, I took the profit, plotted a buy back much lower and ended up re-buying much lower than sold but higher than planned (got to be flexible in a market like this). As for LYSDY, I like that it is a diversification outside the U.S. and I like its more moderate, but still strong, advance.
I added copper on the amazing tank job when Trump’s jawbone did not say what the market thought it was going to say (tariffs will be on products that use the metal, not the metal itself). FCX was also brought back. Here I’ll interject that more traditional commodities are held with the TSX-V/TSX and Silver/Gold ratios still intact to their uptrends. If those two lose their uptrends we’ll have a caution signal for the whole “SGR trades” [trades in alignment with the Silver/Gold and TSX-V/TSX ratios] ball of wax, in my opinion.
The above is one brief snip from NFTRH 875, which then went on to finish its in-depth coverage of the precious metals, stock markets, internal indications and discuss strategies. It’s been a very successful year and strategy works both ways, in order to gain profits and when appropriate, in order to protect them.
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