• "Spreading the ideas of freedom loving people on matters regarding metals, finance, politics, government and many other topics"

HUI & XAU

Au-myn

GOLDBUG
Founding Member
Site Supporter
GIM Hall Of Fame
Joined
Jul 2, 2010
Messages
935
Likes
1,632
Location
California
#1
The HUI and XAU both broke out of their long term bear markets today with Bullish Signal formation buy signals that penetrated the bearish resistance line on these long term Point & Figure charts.

Just the beginning of a long journey upward.

hui 2.png

xau 2.png
 

Au-myn

GOLDBUG
Founding Member
Site Supporter
GIM Hall Of Fame
Joined
Jul 2, 2010
Messages
935
Likes
1,632
Location
California
#3
Hay d-lod!

Need to complete the first buy signal as we are in a row of X's (demand) before calculating the PO in P & F charting.

So, we wait for the first row of O's (supply). Until then, keep going UP!!!
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
56,784
Likes
112,059
Location
Rocky Mountains
#4
Can you put in O's (different color perhaps) so we can 'see' what that would look like?
 

Au-myn

GOLDBUG
Founding Member
Site Supporter
GIM Hall Of Fame
Joined
Jul 2, 2010
Messages
935
Likes
1,632
Location
California
#7
New buy signals for both indexes today.

The HUI issued a buy signal on a Bullish Signal formation at 224 after pushing the upper limits of its bullish resistance line and moving across the ascending trend channel.

hui2.png


The last two patterns on the XAU - Triple Top and Double top formations ride the Bullish support line and re validate the trend.

xau2.png
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
56,784
Likes
112,059
Location
Rocky Mountains
#8

savvydon

Site Supporter
Site Supporter
Platinum Bling
Joined
Dec 14, 2010
Messages
4,003
Likes
4,605
#9
Miners holding up quite well in the face of today's silver onslaught.
 

Au-myn

GOLDBUG
Founding Member
Site Supporter
GIM Hall Of Fame
Joined
Jul 2, 2010
Messages
935
Likes
1,632
Location
California
#10
Do you buy stocks based upon this buy signal?
It is one tool to use when looking into buying PM stocks. You can look up the companies in this index and see how the are performing individually and against other indexes for relative strength.
 

Au-myn

GOLDBUG
Founding Member
Site Supporter
GIM Hall Of Fame
Joined
Jul 2, 2010
Messages
935
Likes
1,632
Location
California
#11
Well, here we are again. The pressure is on.

Will the PM Indexes explode upward?

These are about half scale of the traditional scale charts. A closer look at the PM Indexes. Both indexes are in the process of building a Bullish symmetrical triangle.

The long red line ascending on a 45 degree angle on the HUI chart is an ITL - intermediate trend line. A minimum of four squares in sequence is required. Penetration of an ITL indicates an intermediate top so we would like to get a breakout to the up side.

The XAU Bullish support line has been violated however, no sell signals were issued so, technically the chart is still bullish.

X H.png
 

Zed

Silbur!!!
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
19,786
Likes
21,960
Location
Watching the Sideshow!
#12
There is a big gap between current gold stock value v gold and the eventual relationship. When stocks at large become weak gold stocks will be seen as a cheap "value" destination. The potential here is big.
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
56,784
Likes
112,059
Location
Rocky Mountains
#15
Looks like a downturn is on the way..
been thinking/feeling that too...

It's all in limbo like stagnant water....
 

Au-myn

GOLDBUG
Founding Member
Site Supporter
GIM Hall Of Fame
Joined
Jul 2, 2010
Messages
935
Likes
1,632
Location
California
#16
Well, we got a reversal of trend on the HUI chart with a #2 Double Top formation buy signal at 234. This pattern usually appears at market bottoms.

hui2.png


The XAU held its position at the Bullish support line and reversed issuing the first of four buy signals at 105 to complete the Quadruple Top formation (first top 104, second 106, third 108 and fourth top will be 109).
xau2.png
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
3,089
Likes
3,582
#17
Great job, Au-myn!
Many commentators are confused by recent action.
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
3,089
Likes
3,582
#19
Bump the liftoff.

:thumbs up 2:
 

Strawboss

Apocaloptimist
Midas Member
Site Supporter ++
Joined
Mar 31, 2010
Messages
8,829
Likes
18,033
#21
One more good day and the XAU might just give the signal...
 

Strawboss

Apocaloptimist
Midas Member
Site Supporter ++
Joined
Mar 31, 2010
Messages
8,829
Likes
18,033
#24
1584791710381.png
 

Au-myn

GOLDBUG
Founding Member
Site Supporter
GIM Hall Of Fame
Joined
Jul 2, 2010
Messages
935
Likes
1,632
Location
California
#25
Major breakouts on these long term P & F charts.

The HUI (upper chart) issued a buy signal at 280 on a Reversal Symmetrical Triangle formation.

The XAU buy signal occurred at 120 on a Reversal Triple Top formation.

H X 2.png
 

Strawboss

Apocaloptimist
Midas Member
Site Supporter ++
Joined
Mar 31, 2010
Messages
8,829
Likes
18,033
#28
An interesting 1,920 comparison.

View attachment 174239
My initial reaction is to think that its because the reserves of today are a fraction of the reserves of the gold miners back in 2011/2012...

No idea if that is true or not...
 

Au-myn

GOLDBUG
Founding Member
Site Supporter
GIM Hall Of Fame
Joined
Jul 2, 2010
Messages
935
Likes
1,632
Location
California
#29
Hello Gold & Silver friends,

Today we received Bullish Signal formation buy signals from the HUI (scale 3x3.5) and XAU (3x1.5).

Both charts issued buy signals following consolidation from the prior run up. Most important technically is the bounce off of the Bullish support line.

hui2.png

xau2.png