Comments: Although gold has sold off strongly, the HUI continues to diverge positively, being down only moderately. Today should bring the test of the first trendline. Whether or not that test succeeds, somehow I don't think the HUI will fall below the major broken downtrendline since May. That would mean a low of about 344 HUI. But that's just my speculation--hopefully I'll know the bottom when I see it. I exited most of my positions duirng the last 2 days so I'm ready for any sell off that occurs.Some possible acquisitions: SA, AUY, SLW, RGLD, BVN, PAL, GSS, KBX and calls in GG, NEM and PAAS or SSRI.
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