Loading ...I’ll buy back in because I’m addicted to pm’s. I suppose I’ll see what happens at HUI 300
I always use the HUI as a metric for pm shares as a whole, even if it’s not the best metric.
Regardless, this is the same crap that always happens. We are unable to surpass a certain level and then get crushed to the downside.
I keep getting in the trap of thinking gold will go to $3K but it can never sustain a rally for any great length of time. When it does go up it’s usually a few bucks at a time. That guys charts and logic were spot on. He’s exactly right when he says once the pm shares stop rising with the metals, it’s game over.
Unbelievable that the HUI was 600 back in 2006 and I think 2011. It’s the only sector that doesn’t follow the underlying commodity or inflation in the stock market.