A few high probability 2020 targets indicated by the $HUI. Successive targets with 2/9, 5/6 and 15/7 odds of a favorable outcome suggest unhedged gold stocks have a good chance of moving appreciably higher through the end of the year.
Speaking of gold stocks, in spite of its decision to hedge a bit, we doubled up on Argonaut Gold, as well as added once again to our stake in International Tower Hill.
What about the Downside Odds for $HUI?
A move lower to 192.61 isn’t out of the question, although the trades with the highest probability of a favorable outcome remain to the upside while the $HUI cycle and trend remain firmly up.