Compare with NYSE Arca Gold BUGS Index
HUI Gold Stocks Closing in on TakeoffThis breakout of the HUI vs Gold will be significant.
After 20 years, I think this wants to run.
HUI/GLD showing weekly exhaustionUnderstandable given the Euphoria in the Precious metals markets the past two weeks.
Is the Bull Run completely over?
I don't think so.
#Silver has yet to Hit $95
and is merely testing it's own breakout level of its historical all time high's.
As this ratio is indicating the past few weeks it app
Ending diagonal in the makingGold and gold miners have been on the uptrend since Oct 2022. I would label the rise as the 'C' wave of a larger expanded flat (ABC), red label. The correction from Oct 2024 to Dec 2024 is labelled as wave 4 of wave C. As it is widely known that C wave consists of 5 waves, with the overlapping of w
Still work to do before the next phase of the PM bull market $375 is the number HUI needs to sustain above to push PM stocks a lot higher.
Correction Coming?If Gold is finishing its Primary Wave 3, then the miners would expect to join it. But instead of them being in an impulse patten, like gold. The miners seem to be in a Wave3 Ending Diagonal pattern, in a larger C wave correction.
Gold Miners(HUI) - Massive Upmove ComingGold Miners have been underperforming as compared to Spot Gold Prices. Going forward Gold Miners should outperform Gold.
GDX, NUGT some of the Gold Miner ETF's.
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Long
Gold miners looking good!If the miners can finally break out of a long-term corrective triangle, then there is potential for an 80%+ move over the next few years.
GOLDđź‘‘ (XAUUSD) KEY LEVEL TO WATCH đź‘€AND WHY 15 MAYTraders, in order to buy and sell, make decisions based on price history and use patterns to identify future price movements.
Successful pattern trading requires the acknowledgement of identifying trends, consolidations, support resistance levels and reversal to place stops and targets to forecas
Short
Long Term Gold Miners.Possible Triangle in a B Wave correction. Then, maybe, setting up for a final C wave move up to $500 or more.
Which would be followed by either, a final very quick 5 wave move back to 2015 low, or a more slower correction in a Y Wave back to similar levels.
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Displays a symbol's value movements over previous years to identify recurring trends.