Loading ...Chartology of the Mining Indices and Stocks : Bullish or Bearish ?
HUI
GDX
GDXJ
GLDX
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Analysis of the 4 PM Indices
Daily:
…all have broken out of a 4 point Bullish Pattern with Gaps after false breakdowns
And are retesting . These..from a Chartology Perspective are Very Bullish Daily Charts as long as the breakout lines hold
Exception…GLDX has not even begun to retest
Possible exception…GDXJ has 2 possible top lines and is either testing the top (using the candle wicks)
or has broken out and retesting from above ( using the candle bodies)
Weekly
….all have broken out of their 3 year down trending patterns with gusto and are consolidating the moves
….There is a good chance we could drop 20 to 25% on all these indices and that we have just put in a point 3
and will hit a point 4 at the end of the summer…from which we could see a launch ( These are possibly panning out to be classic halfway patterns)
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GDX:GLD Ratio Charts
Analysis
Daily…Very Bullish
Weekly…up against very strong resistance
Watch !!!
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FNV…ALL TIME HIGH
GOLD
Buillish, now what was that other choice. ??? 🙂
That HUI level around 350, the area I have made the case to call “Known Values” seems more and more to be coming in focus as an ultimate PO for Phase I. Pretty incredible.
I mention this sector to other work associates and absolutely no one has a clue this is going on. It is still totally below the radar.