While the blogger had a few white knuckle moments, the technicals proved to be the ultimate judge of the proceedings and as of this morning, I emerge with a better quality of holdings and a firm grasp of the risk/reward equation.
There was a lot of micro management by email updates to subscribers on Monday. This morning's update was more extensive and was a review of the current situation of sector bellweather Royal Gold, gold the metal, and of course the gold stocks. Subscriber feedback said in essence "keep it coming" with regard to updates during stressful and potentially significant market events. One fellow had this to say...
"Hey Gary, thanks for the email updates the last few days. That my friend is what makes your fine service a bargain."
Anyway, let's see if we can't get a good retest scenario over with on the HUI. And yeh, the chart shows the target that we have had loaded for some time now, pending breakout and successful retest of the Symmetrical Triangle. So far, so good.
A weekly HUI chart ultimately targets much higher; the 3 Snowmen (think about it).
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