As I was outside working on more Fay cleanup, I realized I should have added a couple of points. The possible scenario I described for HUI is what I am investing on now (i.e. I am awaiting the retest that I expect some months from now - I won’t buy on the September retest if that happens). As more of the correction charts out of course everything could change. One of the possibilities that I did not mention because I thought it unlikely was the possibility that the previously mentioned scenario, if it even happens, merely completes the bigger A. In which case we would then see an ugly move down like the recent one that has some fib relation to it - most likely equals it or 1.62 times it.

None of this changes my idea that there will be a disconnect between the POG and HUI with HUI outperforming.

None of this changes my idea that the general stock market will do well on this last leg up of this bigger wave and that is where I will invest. Then at some point down the road I will begin rolling out of the general stock market and into commodities and commodity stocks.

aurum HUI