rv

Gold price vs HUI Index ratio. ( Monthly )

rv  
1364 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.
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
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.
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elcololp timwest
Please Tim, share with us , which gold miners are trading for less than the cash on their balance sheet! Thanks!
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Very nice chart, i took the liberty of adding simple but yet very telling comparisons
snapshot
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i bought a lot of cheap miners recently, i hope it works out
+1 Reply
rv Babar
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
learnt alot from your chart tim..thank you
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timwest PRO armchairtycoon
River_54 made the chart...
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adding the gold/oil ratio to the mix.
Gold to Oil Ratio. (Weekly)
+1 Reply
rv rv
ratio has exploded
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GDXJ. Junior miners ETF at resistance. Horizontal, downtrend_line, 50 sma.
snapshot
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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.
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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
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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.
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Would you like to comment on this chart now, please!

Glenn
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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
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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!
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rv Iskandarglenn
you welcome. Yes, thanks for commenting. ( correct word wanted to use above, "this does not mean it cannot go higher" ).
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