I hate to say it but it looks like major top was put on the HUI vs the Dow in July 2020.  The breakdown the last few weeks has been a massive blow to the bulls.  The miners look like they are set up to underperform the Dow through the fall of 2021, at least, given the weekly Ichimoku cloud which looks like impenetrable resistance through the first half of this year.

You simply won’t be allowed to win vs conventional markets.  So whatever you think about the Dow, the HUI is poised to do relatively worse until at least later this year, and that is the best case scenario.  In short this is going to be yet another slog.  The $Hui’s peak vs the Dow will almost certainly not be surpassed in 2021.  Just mortgage the double-wide and go long AMZN (your future employer).  Much MUCH less stress.