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NYSE ARCA GOLD BUGS INDEXNYSE ARCA GOLD BUGS INDEXNYSE ARCA GOLD BUGS INDEX

NYSE ARCA GOLD BUGS INDEX

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HUI trade ideas

HUIThe Index for unhedged Goldminers HUI has shown some movements - up and down. Since beginning of the year 2017 the index is catched between fibb level 23.6% and 38.2% - or shortly below. We have had a false break out at september 08 (bull trap). And in the following weeks performing a clear shs formation. At that time it was previsible that the index would fall - what it did. The dynamic was so immense that it broke through the resistance and since then it has stayed below. The positive news is, that MACD and RSI are rising and it seems they would continue a while. But the course must cross the resistance line (23.6%) to send a positive signal. Bollinger bands are tightening, so I think this "agony" will continue several days befor we´re about to see new dynamic. As Gold and Silver send positive signals too I expect a rise of the HUI at the end of this period.
NYSE:HUI
by Luettis
HUI Gold Index Breakout?The HUI has broken out of the ascending triangle and I expected it to fall further. But it stopped and turned - perhaps the index of the goldmines will return to the triangle. The time cycles show that around this point(+- some bars) one can expect a change in trend, as it has been in the past. The fibb retracement is now resistance and has to be broken if HUI shall rise higher. MACD neutral - turning to positive. MACD is above the long trend. RSI has already turned to positive and is continuing. If HUI can cross the resistance then it is possible that it`ll go up till 221 Points. Past ascents lasted between 26 to 36 bars and nearly 20% gain. This brings me to the mentioned conclusion. I see more chances for a rise than risks for a drop. Gold and Silver are neutral to positive. Dollar has strengthend. The fundamental facts of the explorers, royalty firms and miners are good.
NYSE:HUI
by Luettis
HUI The Index of the unhedged miners HUI is at the moment weak. The index is approaching the fibb retracement at 23,6% (190) . This fibb retracement isn´t a very good indicator, not so strong as others! MACD is neutral, but the trigger line (blue) is turning down. RSI is under 50 Points, that´s clearly negative terrain. With a little luck, the fibb retracement at 23,6% is strong enough to halt. So it could soon be a new buy opportunity! Silver and Gold are also weakening and dollar is strengthening. These components have a correlation (not 1 to 1). Whats next? a) interest rates in US smoothly higher - no big impact (probably in 2018) b) dollar strengthening - good for mining-stocks (but also watch the new economic power of the Yuan and Rubel) c) Gold and Silver - prices turning, rising - good for mining-stocks
NYSE:HUI
by Luettis
Keep an Eye on the HUI IndexThe HUI index is an excellent barometer of the rising and falling sentiment in the mining sector, that can be a key to the placing your trades at the most expeditious moments. Following the herd cam be a killer to your portfolio when everyone is on the same side of the trade and sentiment is unanimous about direction. It might be possible to ride a trend for a short period of time and make some profits, but most people will get greedy and let it ride because they do not see the writing on the wall. Trust me, trends always change direction. and you want to be ahead of the curve and be prepared for the change. Most of big profits happen when the trend changes and you are properly invested for the 5-7 days when the biggest swing happens, In fact, you can safely be in cash most of the time, and only invest for the few days after sentiment hits a peak or valley. Based on my assessment of the HUI index, you can see that my two key indicators have flipped, and we appear to be at the tipping point for initiating a successful short trade in the miners right now, The Parabolic Stop and Reverse indicator (PSAR) has flipped, and the Linear Regression Curve (LRC) has peaked and has started rolling over. Additionally, the 5-10 day MA's are also confirming a trend shift.
NYSE:HUIShort
by JesseL
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