No Love for the Gold Mining Stocks

Screenshot 2022-06-23 at 16-38-56 NYSE ARCA GOLD BUGS INDEX (^HUI) Charts Data & News - Yahoo Finance.png

No one wants to hold the gold mining stocks these days as the HUI Index posted another lower LOW. The DOWNTREND is fully intact with zero sign of relenting.

Screenshot 2022-06-23 at 16-45-02 Joe Friday Meme Generator - Imgflip.png

A downtrend is defined as a series of LOWER LOWS and LOWER HIGHS.

Gold is drifting sideways to lower in a rather tight range. From tight ranges come big moves, the question always is which way shall it break? Unlike the miners, gold could change its downtrend with a close above the recent high of $1882, provided the recent LOW of $1806 is not taken out first. My guess is, and this is only a guess, that the chances of a change in the downtrend given the action in the miners, are slim to none.

And Slim just got on the last train out of town!

Screenshot 2022-06-23 at 16-41-11 Silver Futures Price - Investing.com.png

Silver is getting awful close to rolling over into another down leg, as in only a few pennies away.

Screenshot 2022-06-23 at 16-56-43 Deep Thoughts Meme Generator - Imgflip.png

I can't speak for anyone but myself, but for right now, to me, it means I will not be a buyer of any gold stocks until the downtrend changes. I will not be making any trips to the coin shop to buy silver, which is not all bad seeing as I can save the gas money until the carnage is all done.

Screenshot 2022-06-23 at 17-00-13 coin jar Meme Generator - Imgflip.png

The last time I did this there was a National Coin Shortage!

IMG_20201214_060753273.jpg

Peace out and Stack On!



0
0
0.000
8 comments
avatar

Watch out for the human traffickers at hivefest. You wont know it until its too late. STAY AWAY! Beware, traffickers can be women or men! They will act nice until they dont. There is human trafficking going on around this type of crypto. I have witnessed it. They literally have attempted my murder and are trying to kill me with V2K and RNM. Five years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism ..... https://ecency.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem if you run into one of them you may want to immediately shoot them in the face. 187, annihilate, asphyxiate, assassinate, behead, bleed, bludgeon, boil, bomb, bone, burn, bury, butcher, cap, casket, choke, chop, club, crucify, crush, curb, decapitate, decimate, deflesh, demolish, destroy, devein, disembowel, dismember, drown, electrocute, eliminate, end, euthanize, eviscerate, execute, explode, exterminate, extinguish, finish, fry, grind, guillotine, gut, hack, hang, hit, ice, implode, incinerate, kill, liquidate, lynch, massacre, maul, microwave, mutilate, neutralize, obliterate, off, pop, poison, punnish, quarter, ruin, shank, shock, shoot, shred, skin, slay, slaughter, smoke, smother, snipe, snuff, squish, stab, strangle, stone, suffocate, suicide, SWAT, swing, terminate, torture, terrorize, whack, waste, wreck. You better fucking kill me.

0
0
0.000
avatar

You received an upvote of 100% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

0
0
0.000
avatar

I am seeing gold hitting $1850 before the week ends

0
0
0.000
avatar

It's now $1823. Gold not been moving this week. I do wish we can get to $1900, then the $2k can be reachable !

0
0
0.000
avatar

Metals are out of favor even though they should be good in an inflationary environment. Nothing makes sense anymore.

0
0
0.000
avatar

I predict gold and silver will be worth something after the reset.

0
0
0.000