Loading ...HUI DAILY Hitting Upper Trend Line…GDM and XAU have breached…
http://stockcharts.com/h-sc/ui?s=%24XAU&p=D&yr=2&mn=0&dy=0&id=p62610860359&listNum=1&a=406042116
OK, the daily XAU has breached the upper trend line. HOWEVER, the HUI just reached it…
http://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=2&mn=0&dy=0&id=p51464853988&listNum=1&a=406039511
Also, the GDM has breached…
http://stockcharts.com/h-sc/ui?s=%24GDM&p=D&yr=2&mn=0&dy=0&id=p19580419389&listNum=1&a=406041158
This looks massively bullish for NUGT tomorrow.
Also, this wasn’t really a great day for bullion (I think bullion was actually negative) which should make the breakout even more impressive. And the higher it goes the farther it’ll fall when it turns over into a DUST trade.
Thanks for the charts. The trend lines really show the structure and order to what’s happening and take a lot of the confusion out the otherwise jerky, chaotic gold market. I’m getting a real education out of this.
Great Surfchops, glad you find this site informative…WTIC took a pop today–direction soon.
log scale
gdx
http://schrts.co/19AeJ2
gdxj
http://schrts.co/sOSNoP
Echo Surfchops’ comments. Thanks Sir Eagle. Miners do look strong. Still waiting to get back in.
http://stockcharts.com/h-sc/ui?s=NUGT&p=60&yr=0&mn=1&dy=15&id=p37079621667&a=385256974&listNum=1
Bounced off the diagonal blue line today validating the line.
I wait because indicators are turning negative. Overall still bullish. Oil on the other hand may start changing course.