Friday Jan 20th- Think About This

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I wanted to start the Friday report by looking at the HUI in the year 2000, as it began to rise out of the bear market lows.  We will also discuss a few other things pertaining to the Mining sector, including GDX and its current run higher.

 

HUI 2000 - This run higher was so smooth and predictable. Notice how it found support and resistance repeatedly around the 50 & 200sma. This was a very smooth run.

Now I want to direct your attention to Gold at that time...

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Thursday January 19th- I Don’t Think So

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I'm looking at the General markets and I'm rather neutral going into the U.S.  inauguration.  The Markets rallied very strongly when Trump was announced the winner of the U.S. elections in November, so they could break higher and rally again, but let me point out a couple of bearish signs now.

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Jan 18 – The Road To Greater Heights

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We'll discuss the theme after a quick review

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There was no real change in the General Markets from the weekend report, however the USD did move as expected. In the weekend report I mentioned that I see weakness in the USD chart. It broke below the 50sma Monday. We can get a bounce in time, but I expect the USD to continue to roll over, as noted in the weekend report.

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