Loading ...I don’t bother looking at the HUI. Its just a bunch of miners. They ALL need or run with spot Gold. So just read the gold charts. But even that is not productive because the news the fed, dollar and other variables lead the gold price. I just bo with what I think and instinct.
My view. The 2001 gold Bull market run of 17% apy for 12 years had a correction and bottomed in late 2015. Bull resumed after that, but not obvious with such big drops along the way. Higher lows three of them, for three years now.
Like Trump said from the start, he inherited a mess, but must have meant a coming mess. His/they words and actions simply delayed an approaching reality. In general the entire work force in under paid making the gov’t under paid, note budget deficits and national debt.
After the first depression the administration acted as a labor union for its subjects or citizens. Forcing various businesses to pay the right price for labor. After a while the businesses took over the gov’t and STOPPED acting as a “union” to protect decent wages. You don’t put Dracula in charge of the blood bank.
At this point in time it looks and sounds like the businesses are now working to replenish non union wages for their own benefit and gov’t benefit. Businessman “BAG LIMITS” now on harvesting profits from the masses.
HUI Components: