Loading ...HUI Monthly Trend Change
Monthly HUI indicating trend change in PM sector.
Monthly RSI in the range 50 to 70+ the sector is in bullish trend. When RSI is in the range of below 30 and 50 the sector is in bearish trend.
Slow Stock has once cross above 20 PM sector will be in be bullish trend,
RSI needs to be above 50.
Bullish divergence in RSI, Slow Stock and MACD,
Plus HUI back tested 1999 and 2002 break out level 100. If this level holds !!!!!
More Fabulous News! I’m having the BEST Christmas day in my entire life today!!!!! Thank you for this report….
to think that the $HUI is at levels seen in 1999 when gold was maybe $250/ounce….when this disparity between the price of gold and the price of miners gets “corrected” somebody’s going to make a lot of money I bet!
Good Point!!! AND it is showing up on a ratio chart. I will post this chart some time in the future.
NOT “somebody” but we all here at goldtent and Roundtable will make a lot of money.
Sorry to be the Grinch.
But first, it is my considered opinion that the PM bottom … for HUI anyhow … is still many months away. (And only an interim bottom at that.)
Second, as I warned my circle of trading buddies several years back, be careful what you wish for.
The next major bull leg for gold is likely to anticipate hyperinflation of the dollar. Ie, when the world’s dollar debts are largely extinguished, further dollar upside is deemed limited, and then the flood of dollars held abroad will be seen instead as hot potatoes.
Individually, you may be able to defend yourself financially. But the society around you will not and then it gets ugly.
I’m no defender of American monetary or foreign policy, but the lower gold goes, the more optimistic I become.
It means reversion to the mean on a credit fueled global economy, and perhaps better prospects for my kids in terms of cost of living.
But Pedro….Martin Armstrong’s computer may have trumped all the human gold bottom projections and the computer said a year ago that the first week in Dec 2015 could see the bottom in gold and it looks like Armstrong is saying gold had a bottom the first week of this month….I’m worried about my family too and what I can do to help them financially so I’m hoping that Armstrong and his computer are right and that the secular bull in the PM is about to resume and that $5000 an ounce that MA says is in the cards won’t be too far into the future…however it turns out may we both be able to adapt, change and accept the hand we’re dealt.
re: Martin Armstrong. You know, I believe in cycle theory and think he’s got a valid system, but, jeez, how do you comprehend what he’s trying to say?? “Gold for year-end has a number 1044.50. If we close BELOW this next Wednesday on December 31st. This is a question of if we close above this does not provide a buy signal nor does it avoid a sell signal.”
A very Merry Christmas and huge Thank You! to everyone here. I try to visit regularly and will start posting comments once I feel I’ve got something that measures up to the quality I find! (I always seem to be a step behind 😉
Well, I can tell you that no truer words were spoken than those you just spoke….MA really needs a spokesperson to decipher his sentences otherwise it hardly pays to read them…Merry Christmas and please speak up.
“MA really needs a spokesperson to decipher his sentences otherwise it hardly pays to read them”
No question. And its quite clear he has staff, and there’s no doubt that folks have expressed this view to him on prior occasions.
But he’s also seen the movie “Being There” and he probably doesn’t see much upside to greater clarity now that he’s become the anointed one.
I value his historical parallels, and his very big picture observations on what’s motivating the bigger players. Perhaps sentiment as well. But his micro timing work? No. Maybe he and Jeff Kern should get together and share notes.
He has had a business–Princeton Economics that had clients from top management in International Companies as well as Countries like China and his computer had predicted to the precise day many,many, many turning points in the political and financial realm (like the fall of the Soviet Union) and the flash crash of 5 points in 1987….the list goes on and on so I have no doubt about his brilliance or the staggering capability of his computer….he must walk a tightrope between catering to paid clients and handing out free information..that’s one issue….the other issues are a mystery to me….he can be so inarticulate at times that dealing with him is frustrating…I really believe he is brilliant and what he has created with that computer is second to none but his communication skill are hopelessly exasperating and arcane, confusing, conflicting, maddening,and pretty much unintelligible sometimes.
make that a 500 point flash crash!
The main reason I stay focused on the charts, nothing but the charts. Constantly looking for setups, no matter bull or bear…
Then there’s no attachment to a destination or a point of view or a fantasy outcome…”Just
The facts Ma’am nothing but the facts”.
Egg Zackly
Rambus’ Dec 24th email of the daily chart for $HUI was VERY encouraging….it showed a break out of a “Diamond Consolidation or REVERSAL pattern” that started forming in July this year and he said: “After
yesterday’s price action and the breakout gap today this puts the 7th reversal point in play and as we know an odd number of reversal points means a reversal pattern and in this case a move up.” Oh My Gosh that was a pretty exciting possibility he laid out……….we shouldn’t have to wait too long to see if we get a confirmation yes or no…I missed the start of the cyclical bear in PM…I sure don’t want to miss a day of the resumption of the secular bull (that’s my opinion that it will be a resumption of the secular bull that started in Nov 2000)