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?
essentially they are back where they were in July 04 and you call that a long term upcycle ? parabolic rise soon? how about they start moving back up to the highs first ? Hope this is not where you bought