As you suggested, the high DI readings without "earthquakes before the price eruption" was the market's way of saying patience to long-term gold and silver investors.
Hope you are doing well. I just read your piece on silver and its price eruption. Although the diffusion index has surged to 75, i notice that it surged to 90, and 95 as well during this downturn. Am i correct to assume, that although we had such high diffusion index levels, they are of no benefit since we did not get an earthquake? Also, the gold stocks chart that you have developed over the course of the gold bull run tends to show a 30 year consolidation period followed by a breakout. Can you please tell us what breakout number that was on the HUI, or gold index that you are using? I just want to know so that I can attempt to buy as close to that as possible.
Thanks and Warm Regards, Ephrem
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