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…
As noted in this morning's update, the HUI target remains open, unlike those for gold and silver. The target is 375 and has been in place for a year or…
HUI's initial bull market target of 375 is agreed upon by a monthly chart and the measurement on this daily chart. The monthly objective of 375 has been in play…
A subscriber asks for my thoughts on the silver/gold ratio, so why not expand the update to include gold and HUI as well? The subscriber also asked about my thoughts…
Gold stocks have led the market for a year, and with economic deceleration and Fed policy response that leadership looks to continue [edit: today's 'in the bag' bounce-back Jobs report…
Gold Stock Seasonal Average The HUI Gold Bugs index has over the last 2 decades (encompassing both bull and bear markets) tended to bottom in July per stockcharts.com's data for…
FYI on seasonal averages, which can deviate from the average in any given year. But just for your reference as we continue managing the correction. Based on the average since…
Before updating the status of the gold miner (HUI) correction, let's take a quick review of the Macrocosm, because it's always a good time to be clear on important macro…
I am finally getting myself oriented after being on the road yesterday and completely missing the FOMC nothingburger of future inflationary policy. The broad markets are using COVID-19 resurgence fears…
As suspected, the correction that barely touched the top of the 250-260 support zone last week was not a one and done affair. It was too quick and relatively pain…
We've been using the chart in the earlier post since the depths of the crash to manage the A-B-C crash correction and the rally out of it. That chart has…
Typical of 2020's impulsive market action, HUI has already touched the top of the first key support zone. I thought it might bounce back a bit to mess everyone up…