Comments: The Gold Bugs index wants to break out on the weekly chart but the broken uptrendline is offering some resistance. A convincing close above 310 would be needed.
Comments: The Oil services Holders (OIH) looks a bit more bullish than the Gold Bugs Index right now, with a fairly clear downtrend break developing on some nice accumulation on the weekly chart. If oil begins to bubble, it will drag Gold higher eventually.
Current PM Portfolio Allocation: 66% Gold/Silver stocks and 34% Energy. Sold some calls on HAL today for a quick gain.
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