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…
To listen to billionaire Eric Sprott discuss his prediction for skyrocketing silver
as well as his top silver pick CLICK HERE OR BELOW:
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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