Comments: As we appraoch the uptrendline in the HUI, it should be noted that the RSI uptrend has been broken. Not the most encouraging of signs. The HUI has also dipped below its broken uptrendline now. While a bounce form there is possible, more downside is definitely not out of the question and it wouldn't surprise me if the HUI eventually bottoms at 320 to 330, rather than at the uptrendline.
Comments: GG is still in a bullish (falling) wedge, which is a reasonably predictive pattern, but with the failure to break out to the upside on Friday, as well as several recent distribution days, it makes me wonder whether the breakout will be to the upside in the end. It appears that we are right at the RSI uptrendline.
Comments: One of the leaders during the recent run, although AEM has recently broken its uptrendline, it has returned to its breakout point, from which a bounce may be possible. A break below that, however, will herald more downside.
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