Wednesday, August 16, 2006

HUI – Update

Not much change since the last HUI update. For gold exposure go for GLD, for gold stocks GDX / XGD. If you trade individual miners stocks - be sure to know what you are doing since individual companies are much riskier then gold or silver. I'm currently not in the business of promoting stocks and I do not recommend any of the stocks mentioned.

The daily chart is looking ok, RSI a bit below 50, PPO natural, triangle pattern. Support at 50 DMA and Fibonacci lines below current price. Resistance at Fibonacci lines above the current price.

hui gold bug index - daily chart

The weekly chart is looking good. RSI above 50, PPO natural.

hui gold bug index - weekly chart

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1 Comments:

Blogger goldguru said...

HUI closed above (just above) key resistance at 353 today. I think next week will be huge for gold investors. Got gold?

I also blog on gold and silver stocks here:

www.goldstockbull.com

Cheers

Friday, September 01, 2006 11:52:00 PM  

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