HUI Index Weekly Chart
August 19, 2024
Next stop appears to be 338.04, then the 2020 highs up around 374. Many stocks are making new bull-market highs, like NEM and GOLD, but also some mid-caps like SA, and smaller caps like JAGGF, which has rallied 50% in just seven trading days. GDX is only 20 cents away from making a new 52 week high, this is the stuff of which bull markets are made!
In bull markets, dips are to be bought. Get long and hold, proper position-sizing relative to one’s risk tolerance will allow them to stay on the bull.