Bull Market Behavior: HUI
This video examines the price behavior and patterns typical of bull market behavior as applied to the HUI mining index.
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Chart of the Day – HUI Mining Index
While it’s not always a perfect timing tool, oversold in a bull market is always a buy signal. Why? Because in a bull market price will always return to overbought conditions and when it does you make money.
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SMT Portfolio Update
The stock portfolio is currently up 79% over the last 21 months. Handily outperforming the S&P which is only up 5.7% during that period.
The metal portfolio is up 127% over the last 21 months. Gold during this period is up 13.3%. The HUI is up 47%. We are significantly outperforming in this portfolio also.
The energy portfolio is down 16%. Oil during this period is down 14%. I still haven’t had any luck in the energy space yet.
The currency portfolio is up 8%. I don’t recommend anyone trade currencies even though we are still up in the portfolio. They are the most heavily manipulated markets on the planet.
And as of today the Quest portfolio is up 2400%. I’m hoping by next spring to have accomplished the goal and turned a $1000 initial stake into a $100,000 profit.
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Gold After the FOMC
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FED Day Expectations
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Chart of the Day – Biotech
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The Next 2-3 Weeks
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The Big Picture – HUI Mining Index
The HUI mining index is in a bull market. Traders are making the mistake of stopping out at corrections, such as we are having now. I expect that in 12-24 months the HUI mining index will retest its all-time highs.
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