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Technical Alert…HUI Island Reversal Is Complete


 -- Published: Thursday, 20 August 2015 | Print  | Disqus 

 

The HUI has exploded out of a cup and handle today and formed an extremely bullish island reversal pattern.

From a fundamental perspective the collapse in these shares was NEVER warranted in the first place and that is currently being rectified. Most of the major miners came in with costs below projections and earnings above projections. Apparently, cash burn rates of epic proportions are OK if you stream movies or make fancy cars but cutting costs and managing debt are frowned upon in the gold mining sector?

It’s a Mystery


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 -- Published: Thursday, 20 August 2015 | E-Mail  | Print  | Source: GoldSeek.com

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