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.



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