Despite recent weakness, is this chart signaling a major blastoff is coming of the gold and silver sector?
Blastoff Close At Hand?
March 9 (King World News) – What you are looking at below is a chart of the HUI/Gold Ratio.
HUI/Gold Ratio Huge Divergence…Very Bullish For Mining Stocks!
You can see that the last time there was a bullish divergence similar to the one we are seeing now (right hand side of the chart), the HUI had a very large outperformance vs gold. You can see the outperformance on a similar set of divergences November to December 2016 time frame (left hand side of the chart). If the setup unfolds in a similar fashion, the mining stocks should be ready to launch higher very soon…
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Despite the games being played in the paper markets, there are extremely powerful bullish formations on a medium- to long-term basis in the gold and silver markets. These powerful formations should soon put an end to the paper games and finally usher in a major breakout in the gold and silver markets, and yes, shares of the high-quality mining companies will dramatically outperform the metals.
***KWN has just released the remarkable audio interview with investing legend Rob Arnott, who oversees $210+ billion, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
ALSO RELEASED: Multi-Billionaire Hugo Salinas Price Just Predicted China Is Very Close To Petro-Yuan-Gold Launch CLICK HERE TO READ.
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