Showing posts with label HUI. Show all posts
Showing posts with label HUI. Show all posts
1) The Dow Jones Industrial Average made a new all times closing high of 11,727.2) Gold is sharply lower. Cbot gold trading had another serious malfunction today (not the first one this year…), AMEX GOLD BUGS INDEX is down 6.67% for the day.3) The Dow / Gold ratio is nearing completion of an A-B-C correction wave – in my opinion.4) The Gold/Oil ratio closed above its 200 weekly moving average
Dear readers, I'm deeply sorry for posting less lately.I decided to trade more and post less.See the latest HUI technical overview.I will do my best to keep you up to date with any major gold technical and fundamentals developments.
Dear readers,Below are Gold and Silver Spot charts. Technically both gold and silver broke up above the downtrend resistance line and it's seems that the short term correction is over. I'm still evaluating the situation and will update later. Meanwhile you can refer to previous posts for longer term charts and observations.See this morning HUI & GDX technical Update Click on the charts below for
Gold and silver Recovery is almost as sharp as the correction. The violent down move was clearly non sustainable and counter move quickly followed. If you trade this market using margin use it very wisely if any. As the bull market continue it is very logical to expect similar moves and even more volatile market. Gold outperformed both the XAU index and the HUI index today, in my opinion it is
There are 3 main gold stocks( gold and sometimes silver mining companies) Indices: CBOE GOLD INDEX(GOX) , AMEX GOLD BUGS INDEX(HUI) and the most known PHLX GOLD AND SILVER SECTOR IND (XAU).The fact that the gold stock indices had very small correction is a positive sign for the near future price of gold ( the gold indices tend to lead the gold price most of the time).Not much have changed today
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