The 13-17 week cycle now has a projection of xxxx (subscriber version), suggesting that xxxxxxxx xxxxxxxxx xxxxxxxx (subscriber version) . Both the 9-12 month and 15 month cycle indicators are now constructive for a breakout when xxxx xxxx xxxx.
The mining stock index HUI has broken out of an intermediate term base with a measured move target of xxx (subscriber version). Cycle projections don’t point that high yet, but there’s plenty of time in the 6 month cycle up phase for it to happen. Likewise, the 10-12 month cycle seems to have turned up.
Today, there are 4 buys and 5 sells from the swing trade screens of 52 gold mining stocks. This is a consolidation phase after 26 buy signals and just 3 sell signal three weeks ago. Current open picks have an average gain of 18.5% and an average holding period of 25 calendar days. I will let these picks ride without stops again this week. None of the new buy signals were compelling, therefore no new picks this week.