Loading ...On the cusp of blue skies for the miners vs gold…
Weekly Ichimoku cloud resistance has yet to be broken through with respect to the HUI:gold chart. Once we clear this cloud, it is blue skies for the miners as far as I am concerned (the big blue oval). My next major target for the ratio will be the upper 200 week bollinger band, which is dropping fairly rapidly now. Would love to see this cloud resistance smashed through by next week.
blue skies ahead
https://www.yout-ube.com/watch?v=E2Ru4_A8INU
song is about blue asbestos mining in Pilbara but its still a cool song.
First thought was Willie Nelson. FWIW the HUI is trading at less than half the 600 high. Now if cheap is your cup of tea good for you. Something else might be going on and you can’t blame the stock market in general cause that is way up since then.