HUI
hui222hui223

GDX

GDX222GDX223

GDXJ

GDXJ222GDXJ223

GLDX

GLDX222GLDX223

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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

gdxgld222gdxgld223

Analysis
Daily…Very Bullish
Weekly…up against very strong resistance
Watch !!!

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FNV…ALL TIME HIGH

fnv

GOLD

gold-1