My charts show that Gold is on day 12 of a new Trading Cycle with the Miners on day 9.  The Miners are showing signs that the Yearly Cycle Low may well be in.  If so, we should rally for at least another month based on previous YCL patterns.

Three miner charts below of the XAU, the HUI and GDX respectively plotted against the 10ema and the 50sma.

Previous Gold and Miner posts:

https://surfcity.co/2017/01/02/gold-yearly-cycle-patterns/

https://surfcity.co/2016/12/30/hui-musings/

https://surfcity.co/2016/12/27/gold-and-gdx-trading-cycle/

 


Comments

Gold Miner Cycle update — 4 Comments

  1. Surfcity I have seen you post on the other sites but thanks for setting up this website.

    Learning lots from your posts.

    I know that it really basic and you might find you don’t have the time for it, but a generic post just explaining Cycles and the theory behind them would be great. It seems one needs this basic info to really understand what is going on and get the most out of your posts.

    On the other hand there may be a post already somewhere on the internet that you could just recommend.

    Thanks again for your efforts.

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