Turning The Tables
How nice it is, for once, to stick it to Blythe on the Globex. So often we are forced to endure Cartel raids on the afterhours market. The irrational selling of a few hours ago has led to quite the rebound. Take a look at this chart. Its not technically an FUBM because I don’t blame the EE for the drop around noon. This is more of an FUbrainlessmoneymanagersandalgos!
Now look at the HUI. A very nice turnaround today. A close back above 580 and I think this little “correction” is over. A move back through 585 tomorrow would confirm it. Time to start looking for miners to buy.
Lastly, reader David picked up on the theme that the action this month will mirror the action from February. He just sent me this 4-hour chart. Note the striking similarities of today versus the period of March 14-18. If the similarities continue, we will soon break back through 41 on our way to 45 or so.
That’s it for now. I’ll probably have more for you later this evening. TF
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