My friend, Dan at Future Money Trends, sent over a new video last evening. I thought it was timely, given the very encouraging action in the miners since the first of the year.
I hope to have a full update on the miners soon. Last week I wrote that I was waiting for some confirmation out of the HUI. As I looked at the chart, I figured we'd need a couple of days closes above the 210 level for me to get interested. Well, yesterday, we got close #1.
Next, IF we can stay above 210 this week and then move through the down-sloping trendline on the chart above, we'll really be onto something...with the rally likely extending toward 250 and maybe even 280.
But those are topics for another day. For now, let's just watch how the HUI moves over the next few days while keeping an eye on a few of the key miners, as well. To help you pass the time, here's the latest conversation between Dan and Marin Katusa of Casey Research. I think you'll find it helpful.
Have a Happy(?) Tuesday!
TF
