HUI, NEM, XAU have been in Long Term Upcycles Since May 10, 2004. After May 16, 2005's major intermediate term cycle lows, where HUI, NEM, XAU all put in higher lows than those on May 10, 2004, they've entered the parabolic/sharply rising phase of the long term upcycle, so fairly soon gold/silver stocks should do very well and have done well since May 16. Any thoughts?
HUI, NEM, XAU Long Term Upcycles Since May 10, 2004
- Thread starter JoeF_Rocks
- Start date
You have to understand cycles. There's been an uptrend (rising bottoms) that my system calls a long term upcycle since May 10, 2004 for HUI, NEM, and the XAU.
According to the nature of cycles this should now be the parabolic/sharply rising phase of the long term upcycle since May 16 2005's major intermediate term cycle lows for HUI, NEM, and the XAU. Since there are cycles within cycles it's meaningless for you to say "it's back where it was in July 2004." As long as the long term upcycle trendline remains intact a long term upcycle remains in effect.
According to the nature of cycles this should now be the parabolic/sharply rising phase of the long term upcycle since May 16 2005's major intermediate term cycle lows for HUI, NEM, and the XAU. Since there are cycles within cycles it's meaningless for you to say "it's back where it was in July 2004." As long as the long term upcycle trendline remains intact a long term upcycle remains in effect.
The precious metals lag PM stocks so I don't worry much about them as far as the big picture is concerned.