Loading ...$GOLD, $HUI and $HUI:GLD
Not so fast, GOLD bulls. Something just isn’t right – at least, not yet. Using GLD as proxy for $GOLD.
GLD – Daily is testing recent highs.
So how come the HUI is not testing recent highs? Shouldn’t the miners lead off the bottom?
The bottom rail here is a guestimate…
$HUI – 2 hour chart
The base line support line for $HUI:GLD is somewhat ragged.
$HUI:GLD – 2 hour chart
Here is an update on the daily $HUI:GLD ratio chart. Have tweaked the top rail of the consolidation/reversal triangle. Break out one way or the other is yet to be determined. So far the miners still appear weak.
Perfectly valid charts SF. Until we get past $1400 gold, I’m not going to get too excited. Thanks.
You have the patience of a saint, Northstar. Any chance you put in a word up on high for us long suffering goldbugs?
Very possible silverfox. Thanks for sharing.
Now we all know. It will go as high as is needed to get us lathered up and then drop
Market needs the rest of our money. For me at this point it’s blood
Shame on you gold for trying to fool me again.