Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Silver Prices
Silver Price
[Most Recent Quotes from] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« The Precious Metals Stocks Suppressed Due The Recovery Of The S&P500 | Main | Wheaton Precious Metals Corporation: On The Up »

Gold Mining Gold Mining Stocks Still In Weak Hands (Part 4)


It is 8 months since we penned part 3 of this post when The Gold Bugs Index (HUI) stood at 135. Since then things have improved for the precious metal sector and the HUI had risen to a peak of 180. Alas since then some of the euphoria has dissipated as profits were too good to resist for some investors and so they so they capitalized on their gains and disposed of their holdings.

The HUI Chart

This chart shows the rally from September 2018 to February 2019 where it peaked at 180, however, it struggled to hold its ground and fell back to 160. The technical indicators show the stochastics on the floor, but, the RSI and the MACD still have room to go lower in the near term. The effect of the golden crossover has now waned so it may be better to wait and let this correction run its course before making further acquisitions.

Read more


 gold is still like watching paint dry.....

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.





Winners of the GoldDrivers Stock Picking Competition 2007 



 Follow us on TWITTER @goldprices



PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>