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Many here follow the United States HUI - the "Gold Bugs Index". But there actually two (2) in the US, and always have been.
There is an additional (and older) index, the Philadelphia ("Philly", or PHLX) Gold and Silver Index (XAU), not to be confused with spot price XAUUSD.
Here are the component stocks:
Chart of XAU - DAILY
Discussion of this Index, and potential break of resistance:
"Via Dana Lyons' Tumblr,
A key index of gold stocks is hitting its first level of major potential resistance since its false breakdown to all-time lows in January.
Flashback to January 26 of this year. The PHLX Gold/Silver Index, or XAU – the longest running index of gold stocks – was recovering from its breakdown earlier in the month to all-time lows. That day, the XAU was testing the breakdown level around $43. Our Chart Of The Day and accompanying post linked above queried “Will this test of the breakdown level lead to a false breakdown, or the start of a new leg down?” Well, 3 months and over 100% later, that answer couldn’t be more clear."
Read more at:
http://www.zerohedge.com/news/2016-04-29/rally-gold-stocks-reaches-first-big-challenge
