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…
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…