It looks like someone linked you here to our printer friendly page. Please make sure you go Back to Safehaven.com for more great articles just like this one!

Major Raid on Miners - Any Good At All? You Bet...

By: William Yii | Monday, January 28, 2013

HUI Weekly Chart

Note that the selling volume (GDX) in the past few days certainly look "capitulative" in nature...

Market Vectors Gold Miners

Gold Miners Bullish Percent

Side note: one may argue with the potential H&S forming in HUI now, but, bear in mind that H&S formation always bear more significance in a reversal from major top rather than an intermediate top (as in this case)...

 

Author: William Yii

William Yii
AlphaOmegaHedge

William Yii

Alphaomegahedge is a financial blog that attempts to use the powerful tools of technical analysis plus the big picture of some important fundamental views in identifying major & intermediate trends of risky assets. My main focus are precious metals & miners, U.S major indices & Malaysia Equities.

Author is an equities fund manger who is currently based in Malaysia.

Rightly or wrongly, the views expressed on this blog are of author's personal opinion and shall neither serve as investment advice nor recommendation under any circumstances. All views are meant for educational purposes only.

Copyright © 2013 William Yii