And I am jumping the gun by buying more yesterday.

For me, the long-term trend is only confirmed when the 10-month ema is trading above the 50-month sma.  I think I’ve posted about this before when I said gold was still not in a confirmed long-term bull market and got a lot of opposition.  Well, it still isn’t but the HUI is close, very close.  I have also made a post in the past that I was wrong in the short term about the resistance of the 50-month sma when Brexit happened.  Sticking to my guns, I am happy to say HUI shows it wants to confirm this long-term uptrend.  Here is a monthly HUI chart to show what I mean.