Update on the Gold Mining Stocks

Two posts in one week on the gold mining stocks?

I know BORING!!!!!!!!

Over a month ago I posted the following numbers as KEY TARGET numbers for the HUI Index:

These KEY TARGETS numbers are:

245.21
268.70
280.36
290.84
299.06
312.97
334.96
357.40
370.86

These numbers will show up on a regular basis at the HIGH, LOW and CLOSE of the trading day.

ORIGINAL POST: Gold and Silver and HUI Index

On Wednesday the CLOSE of the HUI came in at 280.07 versus the TARGET 280.36. And today the HIGH came in at 291.01 versus the TARGET of 290.84 for a difference of 0.17 points. And notice how the HUI promptly sold off at this level as if it had hit an electric fence.

I post these numbers not for trading purposes but for educational purposes to demonstrate that the markets are not "random" but rather orderly.

I hope you are enjoying the show!

Next week the Federal Reserve is meeting so anything can happen next week.

For the BEARS the objective is to break the 280.36 level and drive the HUI down to 268.70. While for the BULLS the objective is to keep the HUI in a tight range above that level until the FED announcements.

Keep your eyes on SILVER which is getting hammered.

On a more interesting note, it appears that Russia is making its way to a Gold and Commodity backed currency.

ZERO HEDGE: https://www.zerohedge.com/markets/new-gold-standard-kremlin-confirms-intention-back-ruble-gold-and-commodities

The World is turning fast, and getting more interesting by the day. Stay safe, drink a beer and plant a garden.

And most importantly, PEACE OUT and STACK ON!