I’m Running Out Of Superlatives
This has to be one of the most beautiful, technically perfect charts I’ve seen. GDX, GDXJ and HUI are all the same. When this thing moves, there are some signs and indicators that we may be staggered just how far and fast it goes. I could be wrong of course, but just look at the size of that bullish wedge and geometrically perfect arc. It’s pure poetry, mathematics and geometry. Price is obeying all the rules – perfectly. I don’t know how many other people (investors/traders) are seeing this and realising the potential. Compared to the general stock markets, the amount of money invested here is tiny. I suspect some big, smart money will head this way and for those who have been getting positioned, the gains will be superb. The trick, as always, will be locking profits in and avoiding the inevitable mid-cycle correction when it comes.
Thanks for the excellent charts, Norhtstar. Please keep us posted about that mid-cycle correction when it occurs in a couple of years.
Will do North. There will be a time to turn bearish, but 2020 is looking very good indeed.
Absolutely stunning work Sir Northstar
The Smart money here at the Tent is already on board
SPREAD THE WORD !
Amazing work Northstar … I always look forward to your posts rain or shine. Ok … shine only 🙂
Very nice NS, appreciated!
Thanks all. The next few weeks are going to be fascinating.