GOLD 0.51% $1,391.7 gold futures

gold, page-4349

  1. 2,462 Posts.
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    I don't think the HUI is as strong as you think. There isn't even an uptrend? It broke down in May and seems to be producing higher lows and lower lows, which resembles a reverse of fortunes. HUI needs to pop above 233 to signal another run. Or, I suspect we will see the HUI create a new lower lows shortly. Fund flows will coincide with the trend, which is down at the moment. I am not trying to beat this trend. I am merely trying to identify it early and join in. The HUI broke outside the upper range of the rising channel line in early may, but failed to hold it and crashed to new lows, creating a new pattern.

    I guess, this is what's called a market. Hopefully, not for your sake, I get this one right! Agreed, I'm definitely due some luck!
 
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