Goldtent TA Paradise

Breakout or Fakeout?

1. glenfidish says:

   October 11, 2014 - 12:38 pm at 12:38 pm

   North,

   I have a 168 target on hui index.. Long term bottom and believe me when i say she better hold there or its a massacre. Next week could bring that target to reality.

   Also look very carefully at the gold/hui ratio..Currently at 0.15.. Long term chart support and low 2001 low is around the corner at 0.13. We are at a serious inflection point. We either break out soon end of october/november and get a mother of all rallys or we miners are will be burried for an extended period into 2015.. Me thinks the former will happen. Here is to optimism :). Its smells like 2008. This time when the equities market gets the big correction long awaited the rush into the miners will make the explosive move in 2008/2009 miners look like a dot.

2. North says:

   October 11, 2014 - 7:31 pm at 7:31 pm

   Yes, I am watching the action along with you, glenfidish. I have heard of that 168 target & also Plunger’s 100 target. I have no firm conviction of where this is going to end. The way oil is declining is incredible. I would like to be optimistic but I have nothing to base it on. I hope you are right. For the past couple of years I have been mostly on the sidelines.

3. Fullgoldcrown says:

   October 12, 2014 - 9:30 am at 9:30 am

   Good for you North

   Sidelines was a winner wrt Pms for the last 2 years

   See the 14 year weekly HUI posted above