$HUI : Know Your Odds

PRICEODDSIMPLIED PROBABILITYDECIMALMONEYLINE
265.222/981.82%1.22-450
291.265/654.55%1.83-120
333.4015/731.82%3.14+214
404.8510/19.09%11.00+1000

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?

PRICEODDSIMPLIED PROBABILITYDECIMALMONEYLINE
218.653/872.73%1.38-267
192.617/436.36%2.75+175
150.479/218.18%5.50+450

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.