Tech Analysis of Precious Metals Miners

[hettygreen]

KEY METAL MARKETS NEED TO CONTINUE CORRECTING.
June 9th Richard Russell, well respected newsletter writer wrote “Matter of moths before Gold can establish a real bottom.
Major corrections function is to wipe out exuberant sentiment : 2 dimensions depth and duration.
Current corrections in gold and silver deep and painful, but they remain young. Only 18 weeks in duration, average corrections lasts 88 days.
Since last up legs were so enormous we need to expect a major correction to restore balance.
Next HUI interim bottom will probably not be the 200 dma since this was dragged higher in a surge. (usually hits at 80% of 200 dma).