HUI bottomed vs. SPX in December Here is the weekly chart we've used over the last 1.5 years to gauge the downside in gold stocks (HUI) vs. the S&P 500.…
I've increased the ratio of gold stocks to non-gold stocks in the portfolios today. Added were AEM and BTG (to go with GBR.V, MAI.V, GBRR.V, OGN,V, SSRM, WDO.TO and GDX)…
Precious metals still locked down With an understanding that there is always much more in play than nominal charts (the macro & sector fundamentals for example, which bounced of late…
Just a heads up on a couple of pictures. The Silver/Gold ratio held its constructive to bullish look despite a day of price violence in the precious metals (including the…
An update of the gold stock bounce As a TA, I respect charts first and foremost. On occasion that respect has burned me as I've missed big profit opportunity or…
Using fresh, un-marked charts for simplicity... It's right on cue, pre-FOMC. HUI is testing the 50 day average as expected. I make no remarks about bullish or bearish or the…
A mid-week daily chart update of the precious metals. Gold (futures) is still scrapping at the down-trending SMA 50 and SMA 200. Step 1: Take those out and hold them.…
An FYI that HUI's 2nd target is being ticked today. That is the 255 area (current: 257). This also corresponds with the neckline of the yellow shaded pattern for what…
Another routine technical update of the precious metals, with all items on track to the bounce projection. Gold is slithering along the upper bound of the downtrend channel that is…
A quick FYI update noting HUI has hit bounce target #1 per the Oct. 6th update on gold, silver and HUI. That was the SMA 50 and noted resistance, which…
What is still only a routine and thus far healthy correction for stocks grinds on. As would be expected, gold is firmer with this backdrop of angst. However, it still…
Just an FYI update that HUI has hit 230 this morning, which was the first in the target chain: 230 > 212 > 185 > anything above the 2020 crash…
A lot to discuss about the macro market and its signals, but I'll save it for the weekend. Right now let's zoom in on gold and silver, and reaffirm what…
HUI's bounce has come to its first key level. Here resides the down-sloping SMA 50 and lateral resistance. This was the minimum bounce objective and it could halt the bounce.…