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HUI Technical Status And Gold Stock Fundamentals

Aug. 02, 2021 12:26 PM ETFNV, GDX, GDXJ, GOLD, NEM, RGLD, GLD, ABX:CA, NGT:CA, FNV:CA9 Comments
Gary Tanashian profile picture
Gary Tanashian


  • The HUI Gold Bugs index remains in corrective consolidation from August 2020, with a bounce currently in progress.
  • On the near term, trends are down. On a bigger picture it is going according to plan, which is still bullish pending the completion of the ongoing cyclical reflation cycle.
  • When the inflation goes stag or fails outright and economies start to struggle, gold stocks will again provide an important portfolio balance.
  • Like the technicals, the fundamentals in the here and now are not good, but have the potential for change.

Bull and Bear on stock market prices
peterschreiber.media/iStock via Getty Images

A review of the situation in gold stocks

It is in essence a year ago that Warren Buffett ill-timed his entry into the gold stock sector, unwittingly calling a top to the post-crash rally and signaling

This article was written by

Gary Tanashian profile picture
Gary Tanashian is proprietor of NFTRH.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' (http://nftrh.com/nftrh-premium/). Complimentary analysis and commentary is available at the public website (https://nftrh.com).

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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