Loading ...What’s Goin On here ?
The US Dollar is breaking down….Kudos to Graddhy for his persistent hard work and charts.
So why isn’t HUI et al going nucken futz ?
Maybe its this ?
UUP ( Dollar Index ETF)
Has HUI Morphed ?
Right AT the Apex….Come on Baby HUI Potty Time !
IMO, Miners aren’t going nuts because they ran last week and are waiting for gold to catch up. Gold is waiting for USD/JPY breakdown, which is underway.
I hope so…but since when did Baby HUI follow…he is usually a leader. I wanna be a Bull so bad …but still in caution mode
The miners did lead, for the past week, while gold was basing. http://stockcharts.com/h-sc/ui.
Well that was a failed reply post, if ive ever seen one. LOL
Yes, I think the HUI chart has subtly ‘adjusted itself’ a bit like the chart for gold I posted yesterday https://goldtadise.com/?p=403080
That’s a bull flag on the UUP…
…or should I say bullish descending wedge.
Whatever it is …it is bullish until that bottom line fails