Loading ...$HUI Daily Ribbon Buy Signal? For YYZ
This chart looks back to September 2019. From that point $HUI made successive higher highs before the green 13 DMA line fell below the 400 DMA in readiness for a new buy signal. However, on the last recovery the green 13 DMA failed to make a higher high before again falling below the 400 DMA. The 13 DMA is turning up, but I can’t say yet if that is a buy signal or just noise. Would like to see the 13 DMA move above the 34 and even the 50 DMA. Here is the updated chart.
I have no feed for HUI, so I used GDX.
I have the 13 up over the 400, and GDX is currently just above the 13.
Not sure what the buy rule is, but the 13 is at least above the bottom most EMA, if its above any, so that qualifies since it exceeded the 400.
The DSI for gold and silver is 30 and 34. Sentiment does not support a bottom here. The miners suck notwithstanding all the cheerful pablum written here. The silver high on Feb 01 2021 eerily felt like the high
on April 30 2011. Why not buy something that has already gone through a slingshot like pullback like the stock market and gold stocks in Mar 2020. That was a wipeout. I remember JNUG going to $1. There is only one index that has experienced a 5 standard plus deviation drop recently.
What is the easiest short in the world? It has only risen 20 fold since March 2020?
Does “cheerful pablum” = “dogmatic pontificating” ??
I’ve been reluctant to express my real opinion, but you’ve given me a bit of cover.
Gracias !!