If any you follow my posts, I stated NEM's 32 level was important. since that hurdle was crossed the HUI has rallied 15% + Look the two charts and the dates where the break above 32 began. The new move has begun. I believe the Bull makert started years ago but we don't need to get into definitions here because it clouds the focus. I beleive something very important happened in the Gold stocks and Gold and silver at the end of 2015. Look at the move in Gold from the year 2000 to 2011. BTW I made my first Gold coin purchase ever at $266 and started trading gold futures that same year. That's pretty good timing and I was waited 20 years to buy. Gold went from $256/266 or so to the top in 2011 around $1925. The HUI went from around 25 to over 650. That took 10 years, 11 years give or take. You do the math on that % gain. I come with 2600 % for the index. There was a big pullback in 2008/2009 and the move from that low into 2011 top was also huge.
I have not done all the math but I posted recently that we needed the move up a few weeks ago then a pullback of sorts (now occuring for a sell) Which started the very day I said it. and now a move higher will give us a very very bullish signal indicating a move of at least a 100% move higher if not several hundred and perhaps even something akin to the move from 2000 to 2011 or maybe the move from the 2008/2009 low into the 2011 High. This move higher can start now or delay a little longer. doesn't matter. the bar gets lower with time
The talk of fed rate cuts sealed the deal for me from a fundamental view point. This is going to be spectacular IMO. Especially if the Fed does cut 2 or 3 times this year. Day I say 4 times within the next 8 months or less?
If I think I'm wrong about this, I'll be the first to admit it and post I was wrong.