Test over, resuming upside in miners?

Just a quick post to point out miners might be resuming their trend higher soon, maybe as soon as today. Above we see the $HUI gold bugs index breaking it’s two month downtrend, as while this is no guarantee we are headed back up again, when it does occur, this is how it will start. Now let’s take a look at some individual mining stocks, and note how they are acting similarly. First, CDE…

How about SAND…

Or the larger streaming company WPM…

So we see the index and several miners all moving together, only a step or two in front or behind of the others. While we have stayed long throughout this correction, we did manage to add shares here and there into the sharp down days, so now we have the most shares we have had in the trade just ahead of them starting higher again. If for some reason they head lower first, I will use that as an opportunity to add more, as action like today’s is tipping their hand, they want to go higher.