“We have now entered the 7th month of the impulse move that began on March 23, 2020. Seven months for an impulse move coming out of a massive 4 year consolidation pattern would be considered extremely short. I would expect at least one year at a minimum or longer before a much bigger correction takes hold.

A couple of times a year I will do a post on all the PM stocks that make up the HUI. If you see the HUI forming some type of consolation pattern many of the PM stocks that make up the HUI will also form a similar trading range. It’s like one confirming the other.

First I’m going to apologize as some of these long term charts for the HUI haven’t been updated since the last time I posted them as there are not enough hours in the day to keep everything 100% updated. These chart are pretty self explanatory and you should have no trouble making sense of what they are strongly suggesting. Keep in mind the size of the breakout move vs the size of the 4 year trading range.”

From the Wednesday Report ( for members)

https://rambus1.com/2020/09/09/wednesday-report-294/