6 thoughts on “CHART OF THE DAY

  1. Don

    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.

    1. gary Post author

      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.

  2. Jonathan

    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.

  3. Don

    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.

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