Thursday, December 14, 2006

HUI Chart & Commentary


Comments: Liquidity getting thinner as the Christmas holiday approaches. Unfortunately, there's still a danger of one more drop off in the price of Gold and we are still in sell mode until proven otherwise. Still, the uptrendline is slowly approaching and I think there's a good chance for a bounce from there if we go that low. However, I think the chance of a meaningful rally to end the year is getting smaller and smaller the longer it takes to develop.

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