My guess is that $HUI is probably coiling for a burst higher. Once the weak hands have sold (and I'm seeing a lot of weak hands giving in), it may explode. If this is going to happen, it will probably happen within the next couple of weeks.
I don't trade the miners and only trade the metals, but I can't recall a parabolic top in gold and silver in this secular bull market since 2001 without the $HUI eventually getting on board and also rising dramatically.
this is my take precisely!
a bull market climbs a wall of worry and the miners ae an area where guys are focusing. hopefully, you are worried , but not out of the bull market.
i keep thinking of the nervous tone in bens voice @his opening night gala! it was clear to me in his statements that :
the dollar was not his concern, he laid that one on timmy, thus throwing the dollar under the bus
the large banks, whom be essentially works for are not making money in this environment,so creating "a little inflation" will be the name of the game.
yes, a little inflation. good luck w/that
then there is china holders of 3trillion dollars. the fed seems to have sent them a message. the inflation they are experiencing in part is due to the yuan being tied @the hip to the dolar. it would not surprise me in the least if @some point down the road, they re pegged the yuan. which, would send the metals aloft
be dubious of junior technicians. frightening you out of positions. there are quite a few fires smoldering. yes, there will be pauses , yes there will be corrections, but this leg has more to go. my work shows this topping late june/early july.
could you be wrong? absolutely
what will you do if you are wrong? sell mortimer , sell. not touching core positions , but trading positions
what if this time is different, and the miners remain stuck in the mud? i will be surprised! what does that mean? absolutely nothing. i dont bet on anomalies. i bet w/history. if the miners dont participate now or later. then i too will have missed an opportunity. 60%of my $$$ is in miners. 40%in metal. the reason i am playing it like that , is last time the miners out performed the metal. and i fully expect that to happen again. i have taken away my miscroscope and sitting back and looking @the big picture. if the cb is not going to stand behind the dollar, the who is? the cb answers to the banksters. not you and i .
when the public wakes up, the dollar will have lost significant pp!!!!!! talking to friends and colleagues. the public is unaware that holding money in cash is a losing proposition. they are unaware that the dollar is buying them less. they havent put it together. inspite of the price @the pump or in the supermarket. the banksters count on stupidity. they bank on it!!!
dharma
: Thanks. 
Best to you.
