Appears to be upwards for the time being. I’m very aware of the market moving events later this week, and who really knows what will happen there. First off, here’s a chart I posted before the inauguration…

When I look at the HUI chart (daily timeframe), I see this…

But changing the settings to view the weekly chart, things look a little different …

 

I am trying to be on the right side of the overall trend. I could be wrong here, but what these indicators are saying to me is that short term we may well see some downside, but the trend is up. I’m rubbish at day trading, or even week trading (lost as much as I gained last time I tried). When the big picture trend looks down, I will be out until it turns up again, but, at the moment, the charts above look ok to me.