Gold, silver and the HUI Gold Bugs index are viewed here by their big picture monthly charts. In NFTRH we use mainly daily and weekly charts of these along with individual miners to better gauge the shorter-term pictures, which will advise on the end of the correction better than these more cumbersome monthlies that are great for keeping perspective amid the shorter-term noise.
Our target for gold was 1940, established in April off a daily chart pattern. That target was blown through and as the monthly chart shows, a big picture Cup was formed as it made a higher high right around the time that the Buffett hype signaled the oncoming correction as we noted on August 17th:
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