rv

Gold price vs HUI Index ratio. ( Monthly )

rv  
1398 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.
Would you like to comment on this chart now, please!

Glenn
Reply
rv Iskandarglenn
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
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
you welcome. Yes, thanks for commenting. ( correct word wanted to use above, "this does not mean it cannot go higher" ).
Reply
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
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
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
GDXJ. Junior miners ETF at resistance. Horizontal, downtrend_line, 50 sma.
snapshot
Reply
adding the gold/oil ratio to the mix.
Gold to Oil Ratio. (Weekly)
+1 Reply
rv rv
ratio has exploded
Reply
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