(click on the chart to enlarge)Commentary: The recent downtrend break is bullish for the intermediate term. A downtrend break is often followed by a bullish consolidation. In this case, such consolidation appears to be taking the form of a triangle pattern. The very near term (next few days) is bearish however as the RSI (momentum) uptrend break is likely to be confirmed by the uptick today back into the broken trendline.
Conclusion: I would wait and look to rebuy Gold Stocks upon a retest of the bottom ascending edge of the triangle (which today stands at around 323 HUI).
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