I think we will see the HUI test December lows. I sold my miners into the spike as they didn't react to higher POG. HUI needs to break 220 to commence a new trend, and could barely move above 200 yesterday and today 194. My targets are the gaps at low 160. That is my buy zone. Add seasonally June/ July are very weak.
Cheers TT, i'm staying in all of my mining positions, been buying the dips so if we revisit the december lows i'll just have to wait it out. Don't forget fomc meeting in june!
Yep, but in fairness to him, he says weakness will persist in the PM sector in the summer and USD will rally to test that blue trend line. Tonight will reveal the true action Corvo. Let's see if Gold can hang out 1250 and SIlver 16.6 at close.
USD bulls are 5% RSI is below 30, IMO USD will rally to test breakdown point at the very least - 99.7-100. CRB Gold sentiment high and June - july will be nasty. I am a gold bull but prefer to buy low and i want lower than this.
Check out URA IMO double bottom after the break out. Buying Western Uranium already own GoviEX and looking at Appia/UEC.
thanks Corvo.
I think we will see the HUI test December lows. I sold my miners into the spike as they didn't react to higher POG. HUI needs to break 220 to commence a new trend, and could barely move above 200 yesterday and today 194. My targets are the gaps at low 160. That is my buy zone. Add seasonally June/ July are very weak.
Cheers TT, i'm staying in all of my mining positions, been buying the dips so if we revisit the december lows i'll just have to wait it out. Don't forget fomc meeting in june!
Yep, but in fairness to him, he says weakness will persist in the PM sector in the summer and USD will rally to test that blue trend line. Tonight will reveal the true action Corvo. Let's see if Gold can hang out 1250 and SIlver 16.6 at close.
$1255, $16.85 not bad but perhaps more importantly the dollar index 97.12 ,mining sector lagging for now but that's to be expected in my opinion
USD bulls are 5% RSI is below 30, IMO USD will rally to test breakdown point at the very least - 99.7-100. CRB Gold sentiment high and June - july will be nasty. I am a gold bull but prefer to buy low and i want lower than this.
Check out URA IMO double bottom after the break out. Buying Western Uranium already own GoviEX and looking at Appia/UEC.