Precious Metals Complex at Resistance

Posted below are several charts with analysis showing mining shares and indexes at potential important resistance as of 7/8/16. Major cycles point to possible important low in second half of October 2016. If the HUI closes above 283 and the mining shares close 6% above the trendlines and fib resistance points shown below, it will likely mean a runaway market is in force and could go much higher before blow-off is complete. Kim Rice 7/10/16