rv

Gold price vs HUI Index ratio. ( Monthly )

rv  
1343 18 17
Gold             price vs HUI             Index ratio. ( Monthly )

2000 low valuation miners vs Gold             price.
2009 Crisis High.
Double( ish             ) top.
Potential Elliot Wave 5, subsequent retracement, possible.
RSI bearish divergence.
Symmetric rectangles.
14 years range.

Related Ideas

timwest PRO
2 years ago
Nice going. Great chart. I've been spending a lot of time focusing on this trade setup. The key for me is picking the survivors from those that are bleeding cash and wont survive. There are a basket of gold stocks that are trading for less than the cash on their balance sheet. This is "back up the truck" time. Your chart is a good example of why we can look for fertile returns in this area for the next 3-18 months.
+2 Reply
rv timwest
2 years ago
Thank you Tim. In total agreement, in this difficult environment, for these stocks, no question about that. Irrespective of any recovery rallies for the sector, identifying the survivors may be indeed, the key for the next few months.
+1 Reply
elcololp timwest
2 years ago
Please Tim, share with us , which gold miners are trading for less than the cash on their balance sheet! Thanks!
Reply
Babar PRO
2 years ago
Very nice chart, i took the liberty of adding simple but yet very telling comparisons
snapshot
Reply
Babar PRO Babar
2 years ago
i bought a lot of cheap miners recently, i hope it works out
+1 Reply
rv Babar
2 years ago
hey, thks and nice one, interesting!, do whatever you want on it.. As you demonstrate, the ratio 'play' had/has 2 components. Regarding statistical seasonality, for Gold stocks, Nov stronger month, which is closing in, with Dec positive. gl
+1 Reply
armchairtycoon
2 years ago
learnt alot from your chart tim..thank you
Reply
timwest PRO armchairtycoon
2 years ago
River_54 made the chart...
Reply
rv
2 years ago
adding the gold/oil ratio to the mix.
Gold to Oil Ratio. (Weekly)
+1 Reply
rv rv
2 years ago
ratio has exploded
Reply
rv
2 years ago
GDXJ. Junior miners ETF at resistance. Horizontal, downtrend_line, 50 sma.
snapshot
Reply
Iskandarglenn
2 years ago
River_54,
Thank you for this chart.
It has been quiet profitable.
I see gold shares the world round have recovered, 50% or better in places...with lowering currencies.
Would you like to draw your thoughts on ABC please!
Glenn.
Reply
rv Iskandarglenn
2 years ago
you welcome. it seems shares have some potential, indeed. lets follow the developments. will come up with some individual charts and HUI updates, shortly. thank you
Reply
Iskandarglenn rv
2 years ago
Good Day river_54,
Your thoughts on the Hui/gold chart please!
Overall gold shares are holding up reasonably well, compared to gold price.
So overall still in good profit, however given some back of late.

My thoughts on updated chart MTHLY.
Possible correction 4 of A, thinking 4 wont close inside 1.
Or Double tops, where gold price is low, yet gold stocks hold a small gain.
Or both go bad?

Glenn.
Reply
Iskandarglenn
a year ago
Would you like to comment on this chart now, please!

Glenn
Reply
rv Iskandarglenn
a year ago
Hi, Pretty extreme under valuation, as you can see. This does not mean it can go higher, but this extreme not seen.
HUI, potential fake move, needs to close above gap, trend_Line, to regain interest though.
snapshot
Reply
Iskandarglenn rv
a year ago
Thank You rv,
Yes I thought it most interesting to review a chart i followed.
Massive oversell perhaps again.
Though not so much in Australia and Australian Gold stocks this time.
As Australian Gold stocks have doubled in SP from the last low./high on chart.

The Aussie$ must be going to bite the dust!
Reply
rv Iskandarglenn
a year ago
you welcome. Yes, thanks for commenting. ( correct word wanted to use above, "this does not mean it cannot go higher" ).
Reply
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