Ive updated some notes on my HUI monthly. As you can see, I had been expecting a move down to 60 but now in conjunction with CRB and even shorter term $USD charts, I think we need to at least consider the possibility that bottom structure is being built here and perhaps we should be looking up more often than down over the next few months. What is unfolding on the HUI looks at least fairly consistent with what a bottom may look like. I’m approaching my trades in the swing timeframe right now but I don’t want to lose sight on the bigger picture and perhaps miss a big opportunity to participate in a significant bottom.

HUI

Here’s a repost of my CRM monthly from 9/24. Again, the set up seems more favorable on the long side than short from an investor’s perspective.

CRB

And shorter term, I think the $USD is teed up to fall a bit while still maintaining it’s bullish flag structure. I think this will propel gold markets higher in the near term.

USD