Previous posts:
8-25-17

$HUI:GLD Ratio


10-26-17

HUI:GLD Ratio Decision Time


11-16-17

HUI:GLD Ratio Decision Time UPDATE

We now have a second pattern (continuation pattern) which projects lower to 1.24 on this ratio chart – this compares with an original projection of 1.16 based on the triangle breakout (this became a little fuzzy when the pattern reentered the triangle in a failed end-around attempt.)

NOTE: Target can be reached from here with either GLD strength or $HUI weakness or a combination of both (constant $HUI (175.85) = GLD @ 142 to 152 or constant GLD (126.3) = $HUI @ 146 to 156) Also – if GLD drops from here $HUI targets would slide slower, i.e., GLD falls to it’s 200-day MA 121.92 = $HUI 141 to 151)