Yes. Very strange. One would almost be "forced" to assume that if the dollar continues to break lower then the gold miners will eventually (in short order) begin to rally. But what if the dollar turns higher? The dollar certainly has staged some "surprise attacks" via strong rallies through UUP $26.

UUP on the brink of a buy signal and so is the HUI goldbug index. You are almost "forced" to assume that the relationship of them both going in the same direction at the ame time will end soon. But what if the dollar rallies? Any stackers here going to panic? :O

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=uup&x=56&y=20&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

I wouldn't consider a new long in UUP until 24.71 gets taken out. SLV is "on teh brink" of a new low for this move also. Anyone want to "guess" what happens next? :-)

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=slv&x=53&y=8&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

I just gave my personal update at my blog about what I think happens next with SLV. You can read the previous two trades made in the past 2 weeks also. No need to "guess"...go see what I said. :-)