In Thursday morning's update we projected the initial support levels for HUI at 290 and 282, the second of which is better support because it has a much thicker visual…
Just another update micromanaging the ongoing bounce in the metals and Gold Bug index. Gold has reached the top of the original channel we have been following, but I've added…
Daily charts of gold, silver and HUI Gold is further on track this morning per our bounce theme. In taking out the SMA 50 it looks like the channel top…
A simple look at the pre-market futures charts of gold and silver and HUI's status at yesterday's close. Gold is thus far holding to the 'retest of the lows' and…
With gold and silver getting roughed up today I was looking at my FNV position earlier and wondering why it was so strong while most gold stocks were also in…
HUI was in positive correlation to long-term Treasury bonds (TLT) from the top in the fear trades last summer to the end of February. Then they went opposite each other…
There is so much to cover in a weekly report that sometimes I cannot be as pointed as I'd like in my wording. Hence, in-week updates like this one to…
The media is hyping this Fed meeting as one that may include a bit less dovish tone at Powell's press conference after the the FOMC releases its latest inaction tomorrow.…
Let's take a snapshot of where the precious metals complex stands this morning. Gold probed the upper 1600s and support before the bounce (which continues this morning). Is this the…
A super simple update showing that yesterday HUI dinged the 1st resistance level per Monday's update. So far that has held. Again speaking personally, I'd love to see a capitulation…
With gold and silver positive in pre-market a bounce we had thought possible if not likely prior to a final capitulation could come about. HUI (daily) has hit the upper…
Personally, I could not ask for a better outcome than for the gold stocks to continue dropping while the risk 'on' stuff drops because of bad economic news (jobless claims).…
[edit] Obviously not all gold stocks will follow HUI. Some of the smaller ones are and have been going their own way. I am using HUI as a general guide…
The previous update simply talked about the daily charts of GDX and GDXJ. Straight up technicals. Let's put a couple wrinkles into the analysis. First, with respect to the often…