Tag: HUI Index

10/02/21 Weekly Re-Lay – Gold & Silver fulfilled intermediate analysis for overall declines into late-Sept/early-Oct with Gold testing weekly support and bottoming without giving a daily close below 1720.0/GCZ (pivot point). They reversed higher on Sept 30 – 180 degrees (6 months) from the Mar 30/31 lows in metals and mining shares – an ideal time for a low.  They have also initially fulfilled monthly and weekly cycles in Silver […]

09/30/21 INSIIDE Track – Gold & Silver dropped to new lows and are set to fulfill a myriad of cycle lows in late-Sept/early-Oct ‘21.  That includes Silver’s ~6-month high (Sept ’19) – low (Mar ’20) – low (Sept ’20) – low (Mar ’21) – low (Sept ’21) Cycle Progression and the corresponding 27 – 28 week high (Feb ’19) – high (Sept ’19) – low (Mar ’20) – […]

09/29/21 Weekly Re-Lay Alert – “Metals & Miners Merging” Much in the way the DJTA has led a corrective period in the overall equity market, the Gold Bugs Index (HUI) has led a corrective period in precious metals and mining shares since Aug ‘20. That was highlighted early this year, after the HUI had turned its monthly trend down and confirmed a 1 – 2 […]

09/25/21 Weekly Re-Lay – Gold & Silver dropped to new recent lows with Silver dropping right to monthly support (22.11 – 22.35/SIZ) and pivotal 6 – 12 month support that extends down to 21.96/SI… — Gold’s weekly HLS indicator projected a 1 – 2 month low for the second half of Sept. (by Oct 1). — Silver monthly cycles have projected a bottom in late-Sept while corresponding weekly […]

09/22/21 Weekly Re-Lay Alert – Gold & Silver dropped to new recent lows with Silver dropping right to monthly support (22.11 – 22.35/SIZ) and pivotal 6 – 12 month support that extends down to 21.96/SI… It has also fulfilled expectations for Gold to see a quick bounce back to 1780 – 1790/GCZ.  Gold just fulfilled that while twice neutralizing its daily downtrend and rebounding to test its […]

09/18/21 Weekly Re-Lay – Gold & Silver extended their declines after Gold had rebounded far enough (in early-Sept) to attack key range-trading resistance at 1840.0/GC. That spurred a subsequent decline that had Gold test and hold its weekly HLS on Sept 10 (1784.9/GCZ – the extreme downside target for that week) – a pattern that portends a 1 – 2 month low in the ensuing 1 – 3 weeks. […]

09/01/21 INSIIDE Track – Gold & Silver plunged to major support (1680/GC & 22.27/SIU) after spiking higher into intermediate cycles on Aug 4 – as the XAU & HUI spiked to new 5 – 6 week highs (fulfilling their weekly cycle expectations) and reversed lower… On Aug 9, Gold spiked down to 1680/GCZ – its lower range-trading target and the lows of early- and late-March – […]

09/01/21 Weekly Re-Lay Alert – Gold & Silver are still rebounding with Gold reinforcing the potential to spike as high as 1840/GCZ in the near term – and retest another critical range-trading parameter – before peaking. The weekly Raw SPR and HHR come into play at 1841.5 – 1846.2/GCZ and corroborate that.  The initial Intra-week PLLR is at 1842/GCZ – reinforcing that upside target range.  Tomorrow’s LHR (applicable for Sept 2 and 3) is 1842/GCZ… Ultimately, Silver maintains the potential […]

07/10/21 Weekly Re-Lay – Gold & Silver continue to rebound from intermediate support after bottoming in line with Gold’s weekly trend pattern and the weekly 21 MACs in both metals.  The coming weeks are poised to see the weekly 21 MAC turn positive as the inversely-correlated 21 MARC declines for another ~4 weeks… Silver remains on track to set a decisive peak in early-Aug, when a web […]