A simple chart showing HUI in lock down below former support, now resistance. It's bouncing today but that means little until/unless Huey can take back 325 and hold above it.…
A few pictures as we prepare to close out another wild and woolly FOMC week. While other markets, like the Nasdaq especially, are in a precarious situation the gold miners…
In yesterday's update we noted that the HUI index and the ETFs were still in corrective consolidation. After a gap up this morning, that remains the case as they have…
Despite the big up day, HUI (daily) remains in consolidation. GDX (daily) remains in consolidation. GDXJ (daily) remains in consolidation. Captain Obvious's bottom Line The gold stock sector remains in…
Inflation/Deflation Any strategy aside from stoically sitting with current positions and macro view (whatever an individual's stance maybe) will depend on the inflation/deflation dynamic. More to the point, inflation expectations…
Folks, I am the guy who's always talking about keeping noise levels down and frankly I have to tell you that I feel I did a poor job of that…
You probably did not need me to tell you that the Diamond consolidation is finally over and it's a downward breakout. Support #1 (key for the near-term) is the 50…
The Diamond has become a bit distorted but the important area now is its lower right quadrant. HUI has not dropped from the Diamond. I am almost hoping it will…
A little in-day micromanagement for your viewing pleasure. The correction grinds on and folks, the miners have needed this, a running of the bugs. HUI dinged the 375 target and…
The last Diamond consolidation we looked at was in the TSX-V/TSX ratio back on June 17th. "That said, the TSX-V/TSX ratio is in a Diamond consolidation pattern above support on…
You see, unlike the gurus and other egomaniacs out there, little old me knows that I am either going to be right or wrong on any given stance and that…
Sentimentrader did a study of previous occasions when gold optimism fell like it did on Tuesday over the span of less than 10 days. Above you can see the results.…
The monthly chart says "well of course it is time for a pullback" because we've plotted point C for a year now and it is clear long-term resistance. Yet still,…
Let's look at the gold stock sector from a few different angles. First, its leadership to SPX, which is fully intact (daily chart). It's leadership to gold, which is getting…