Gold Mining Stocks in The Dog Box for Now
Tuesday, July 24, 2018 at 11:10PM
Gold Prices

Preamble

The Gold Bugs Index, the HUI closed at 168 recently having tried to hold but falling through the support at 180. The HUI remains some 73.33% off its high (630-168) made in 2011. This poor show is a disappointment and something of a puzzlement for gold bugs around the world. Since 2016 gold has been in an uptrend but has recently pieced its support causing concern for those investors who still hold gold and silver stocks. Silver prices have staged some moderate rallies but overall, they have been heading south with a corresponding lacklustre performance by the stocks.

As speculators we now have to reassess the current situation and ask whether we should sell, hold or look upon this unloved sector as a buying opportunity.

A Quick Look at The Chart of the HUI


Lacklustre progress...............

 More........

gold , silver and the miners have us back on a knife edge in terms of which way will they go next.....

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