This single chart should explain why the miners are about to rocket upward again.
The pause we anticipated in gold prices did not stay in place for long.
Now gold miners (as the $HUI index represents) are out performing the metal.
We expect a move similar in magnitude as the one in February based on this chart.
If we use the GDXJ EFT as a guide, this could mean a move of between $4 and 9 per share depending on size of price movement of the physical metal.
HUI is a big tell today PW it is only down 2% in days past the HUI would take a beating this is not the case. My gut tells me that this take down was more positioning Than the NFP or the China issues...Stay long.
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