$HUI is indicating that gold miners are a screaming buy right now!! Its right at the top of MA(20) and above an important trendline. Now that's what I call a low risk setup with an obvious place to set up your stop. If gold cooperates there is no reason why we should not see a decent bounce in the gold miners from here.
And it gets even better, here is a longer term chart.
BTW, if you like the above chart, wait till you see the Palladium chart!! I will post those later tonight.
Here are a few gold miners that I keep track of. While the individual charts are not that impressive, I like these plays because of the above shown overall gold bugs index chart.
If you want to pick a setup that has shown considerable strength even during gold's recent correction, then EGO is the pick for you. Hasn't suffered a major correction like other gold stocks. In fact, it was up today too despite the gold miners index being down. Watch out for a clean break of 15.
AUY - MA(20) providing support. So your stop point is obvious.
NGD - A smaller miner. I like it over 4.40
GG
XRA - A break of 8.50 and we are off to the races again!
Palladium just made new 52-week highs even as I was preparing this post. I will post about it later tonight.
Good Luck tomorrow!
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