Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
THE MONEY BACK GUARANTEE OFFER IS STILL GOOD FOR A FEW MORE DAYS.
Gary, intermediate trend lines don’t mean much. A trendline drawn from the low of of November to low of March shows that HUI has not yet violated an upward pattern of higher lows. The weekly and monthly charts of GDX, GDXJ are looking positive despite the pullback.
Actually as you can see on the chart the miners are making lower lows and lower highs. That is almost always an indication that the larger intermediate cycle has topped.
Shanghai plunged overnight. Looks like this year’s top performing China related funds will get a serious haircut, and Japan related funds will take over.
The markets are still booolish. Screw gold. Lame metals.
Lower lows and highs over a such a short period ( less than three months) has little meaning. As I said before, the longer term upward sloping trend line for HUI, is still intact.