NEM - Gold And Silver Miners Upside To Commence In 2019
HUI Gold BUGS Index Chart Analysis
The HUI Gold BUGS Index represents the 15 largest public gold miners worldwide. The Elliott Wave structure of the move up from the January 2015 low is a very clear impulsive structure. Following an impulsive wave structure is always a retracement of the move itself to a quantifiable retrace Fibonacci level, then to be followed by a minimum measured move similar or greater in size to the previous impulsive move.
This well recognized technical analysis and Elliott Wave axiom provides for a highly reliable and measurable directional bias. The