I hate to say it because there have been so many disappointments and false hopes along the way, but today is the first day that miners are positively diverging from Gold in a very significant way. Silver is back out of the danger zone and the HUI should be above its broken trendline, at least as of midday, though that is something I will have to double check. The end of day action will really be the key here. Let's keep our fingers crossed.
HUI absolutely needs to get past 334-335, otherwise it could be a triple top on the 10 day chart.
GDP revision down to 0.6% growth (barely positive growth) is what seems to be feeding this move now along with some other pretty hairy economic numbers recently. Also, sentiment recently was just getting extremely bearish, probably too bearish.
A $1 million value bathtub made from 18 karat gold was stolen from a posh Tokyo hotel yesterday.
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