The decisive rise above the declining upper boundary is bullish for precious metals. It suggests wave 5 up may have started. There should be a short term corrective decline probably to 1675 (for gold) which would be a great buying opportunity.
the HUI shuld move toward 640 and if it breaks then wave 5 is underway.
there remain some troubling indicators generally for markets like low volumes however, precious metal stocks, may produce some significant gains from wave 5. Watch for a small pull back and then if this really is wave 5 starting watch the firworks......
CCU still looking healthy as it drives toward $1
good luck.
CCU Price at posting:
77.1¢ Sentiment: Buy Disclosure: Held
