http://stockcharts.com/h-sc/ui?s=$HUI&p=D&st=1995-07-20&en=1975-12-31&id=p22313755599
Here is a linear chart of the HUI. The magnitude of this collapse is breathtaking.
No miner that I can think of is profitable with gold below 800, certainly the big ones are the most dire because their...
I can make it even simpler than that if I dare try as a newbie to this forum.
A friend calls them "thin zones" They are essentially gaps on charts. Gaps get filled. Period.
I watch a two day 5 minute bar chart for GC and impulsive moves up get filled almost invariably the same day. Downside...
Hui
I looked at a chart of the HUI and did it in linear fashion going back to the inception and found that we backtested the saucer formation from many moons ago. It shows up better on linear, as does the amount of destruction.
http://www.gold-eagle.com/editorials_08/images/goldrunner032508a.jpg
Do you believe in fractals?
The man who wrote the book on system trading is not a big believer but while this guys calls have been largely terrible, this fractal will play out in my humble opinion.
A wise man once said, when...