I find monthly charts very helpful in giving an overview of where an index or a stock might be heading over the medium term.
Having a look at the 17 years monthly chart of the HUI which I have posted below shows how massively oversold gold equities were, with the MACD moving to amazing lows.
However, there is a very bullish crossover in the MACD, with both line indicators also turning upwards.
This means over the medium term gold equities should perform very well imo.
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