XAU projecting high for July/August 2017 - Chart update May 6, 2017

This is a rough estimate for the upcoming rally, I will post later after I do further work on this signal. The longer signal for HUI into late 2018 for a high is also still valid, so that implies a good rally into this summer and then some corrective weakness before resuming the rallying into 2018 for gold, silver and their stocks.

HUI Gold Bugs Index Major High Late 2018 (update)

This ties in with Gannman's  Elliot wave count for HUI to reach 470 area from Traders-talk.com gold forum.  Chart is breaking out above green trend-line this month of April 2017.