I know, I know, there is a first time for everything.

A few months back, I speculated that the $hui:gdx ratio was going to make a big jump upwards before September 2020 based on the structure of the weekly Ichimoku cloud.  Well, we are running out of time, and it looks like if it doesn’t get a move on this week and next, we are going to pass right through the cloud.  I would anticipate in a proper bull market, $hui should outperform GDX, which includes less risky streamers.  So while the mild uptrend in the ratio that began a year ago should likely continue, we may have to wait for the upwards explosion, perhaps later this year or sometime in 2021.  Who knows though, maybe this week and next week the $hui will shock the world.  I can dream can’t I?

[They say that in a bull market, surprises come to the upside.  I think the probabilities are stacked against it, but it is possible the miners make a higher high–and possibly a much higher high–over the course of the next 1-2 weeks before beginning their intermediate cycle correction.  I certainly wouldn’t place any new bets on that, but I would put the probability at more than zero that it could happen.]