As discussed over many sessions in Chin Wag Room, couple of miners has been accummulated.
SLW, NEM, ABX and lately PAAS and HL. AEM has a bit of more allocation as the monthly chart looks to attractive. New will be GDXJ early next week and first position of FCX has been taken yesterday.
The HUI Weekly Chart is pointing towards a reversal and a bottom process. With the break of 13/34 EMA the HUI gave a sell signal near 550. Considering that the long term buy signal was below 300, the 13/34 EMA rules work profitable.
HUI Monthly is obviously oversold and has reached 50% retracement. Once the weekly moves up, the monthly RSI should move back above 50 and Stochastic above 20 to confirm the bullish scenario
AEM Monthly is showing bottom formation and a move over 20 in Stochastic will add more bullishness. MACD bars getting shorter as well. I am very bullish for this stock and we should see by autumn this year $52
GDX Weekly is pointing towards a weekly reversal and high volume sell bar shows panic. GDX Sell signal was at 55
There AIN"T NO BULLS LEFT !!! and this is further positive news to keep accumulating miners at current prices.