Big picture bullish? Yup. But sadly for anyone not mentally prepared, it can remain big picture bullish even if the noted target on this chart is hit. The downside of gold miners rising with mis perceptions in the general inflation trade is that they can fall with those mis perceptions as well. HUI has not lost the 400 area, so this is just theoretical at this point. But I try to show everything I see (when time allows, which it hasn't done much of late), good or bad.
Tuesday, November 27, 2007
Huey
Big picture bullish? Yup. But sadly for anyone not mentally prepared, it can remain big picture bullish even if the noted target on this chart is hit. The downside of gold miners rising with mis perceptions in the general inflation trade is that they can fall with those mis perceptions as well. HUI has not lost the 400 area, so this is just theoretical at this point. But I try to show everything I see (when time allows, which it hasn't done much of late), good or bad.
