I want to start by stating that I am still learning and not in the same class as the majority that post on here, however, I do like to see if we can learn from previous moves from the past as per Fully’s posts about the HUI.

Have a look at the graph below of the Hui and see the period from April 2004 to May 2005. I wonder if this is where we are now. It had a fall from 235 to around 178 and then moved sideways for a period then rallied to around 240 in the October/November. It then fell back to 185 the following May 2005 and then it took off to 385.

Now I know its a long time to wait until May 2018 and hopefully this time it may be quicker, but a rally into Oct/Nov followed by a further consolidation might be possible followed by a major rally in Spring 2018 when many may have given up on the miners. On the other hand it might be like 2008/09!! I wish I had not started this now.