Loading ...HUI Closes Above 50 Week Moving Average
Finally got there ! The indicators have been signalling this since I posted this chart a few weeks ago…
And then we had this a little while later…
And here we are today with this…
When the indicators turn we’ll have a pause or a meaningful correction, but for now it just looks to be full of bull.
I keep looking at that 50 week/200 week moving average crossover and wondering just how high this baby can go. I know also that it doesn’t pay to be a perma-bull and things can turn pretty fast. If the dollar has another leg up, I reckon it’ll slow the advance, but maybe not do the damage it usually does. If the dollar doesn’t rise much further and suffers a further fall, things will likely take off really fast for the PM’s and miners.
Definitely looking good, Northstar.
Thank you, Northstar. Promising indeed.
It certainly looks fine to me. I’m just reading the charts as I see them and weighing up the evidence. The most likely scenario right now is up, but that doesn’t rule out the unlikely scenario. Much like weather forecasting, it’s all about balancing the probabilities of a big storm and acting accordingly. The evidence is always there (especially with hindsight).
Miners had a nice strong close! Keep those charts coming Northstar! Thanks for the great work.
A very strong close indeed – surging towards the finish line. Makes sense to have a pause now but we’ll see. I’m expecting some good gains in the next few weeks.
Nice work Northstar.