The good: HUI has finally hit the H&S topping target that has been hanging over our heads like a dark cloud bearing a potential downpour. Huey has decided to get to our downside targets sooner rather than later, which is err, positive. 250 shows strong support from 2003 through 2005.The bad: We had a close below the August ’07 low likely due to the get me outta here at all costs desperation of the elephants AKA large speculators coming under pressure of forced liquidation of anything in the perceived ’inflation trade’. Now gold advisers that had been bullish will flip [...]
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[Source: The Money Blogs]
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