The HUI vs. Gold Ratio is back down
in the 2001 level & the Gdx is back down to 2009 level. Is it time to buy Gold miners? Scanning through the different miner's some look to be very bullish and some ...not so much. This could be due to the underline currencies in the Country's the mines are located in. It seems like the strikes in Africa are like on/off...on/off. I would guess that a break above .20 would confirm the move.
The Gdxj looks to have a wave structure
on the pullback a bit different than Gold.
As we can see the price tested the top
of the cloud with a dragonfly Doji Friday.
The DMI looks to be starting a trend
albeit a pullback to come.The KST cross
over will be Bullish.There's also a Triangle
Trend line on top ,much like silver.
Watch for the Full stochastic to pullback
and the KST to turn Positive.
Click on Charts to Enlarge
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