Gold sector as represented by $HUI is on a long-term BUY signal. Long-term signals can last for months and are more suitable for investors.
Gold sector as represented by $HUI is on a short-term buy signal. Short-term signals can last for weeks and are more suitable for traders.
Speculative liquidation continues.
Speculative liquidation may have ended.
Our ratio has a text book perfect new buy signal.
Breakout this week from the multi week consolidation.
If the current situation plays out similar to 2016, we are looking at a 30 to 40% rally in coming weeks.
Long-term – on buy signal. Short-term – on mixed signals. Gold sector cycle is down and a consolidation/correction is in progress but may have ended this week. We are holding a core position for the long-term, and may add more upon the cycle turning up.