Gold stocks

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This is the HUI with some longer term indicators on the Bottom,all which look very Bullish to me. No matter the noise we hear Gold stocks have a correlation with Yield curves. When Investment Bankers can't make money on Yield spreads then Gold and gold stocks get attractive. By focusing on the Degrees of decent we can see that the gold stock indicator the HUI is oversold to the Gold price. The Hi to Lo downturn on Gold is at 40 degrees while the decent in Hui is at 60 degrees. The Red Box is actually a move that started on an Eclipse. Short and sweet. You can plainly see the Divergence in the LT oscillators. That's the only reason I use an oscillator is for divergence,for me,oscillators are like looking in the rear view mirror. The Longer term oscillators are helpful in longer term Cycle Analysis.

Here's the 2 hour updated chart. The Price action down into the (a) bottom has 5 completed waves (you have to drill deeper into the time frame to recognize them.)

There could be a a-b counted for the (b) wave ( turquoise box). I've shown the possible sub-sub wavelet count. A close above sub-sub wave ii is an early indication this is turning bullish. A break and close above (b) would be bullish.This Could  very well be an 5-3-5 pullback. I would think that it needs to finish a iv sub-sub wave for an v. That's an Alternate possibility. It could also be getting close to start a Wave (i) -(ii) sub wavelet where the (b) wave should not be violated. I report this based on the longer term chart above.

There has been no change on the weekly yet, but that would bring a more Long Term sustained move.
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