Loading ...Saw your post yesterday about the Adens and their forecast for a potential downdraft to HUI 275 and below.
I guess based on their T/A it is reasonable given the volatility in our sector.
My argument against would be that the last time gold was at these levels the HUI was up near 600, albeit silver was much higher. Silver is the key IMHO. I also think support at newly breached 290-300 HUI might be a little stronger than thought.
We’ll see as always. I’m still waiting for some kind of blowoff, maybe we’re seeing it in silver and the HUI today, but we’ve yet to see it in gold, also IMHO.