goodluck all, page-44

chuk

Not too sure if you can historically compare the HUI to the price of physical gold.

If I'm right the HUI is determent by the market value of some large Gold Mining companies.

If the pog falls and stays for a prolonged period of time below production cost, it's quite feasible that some of them go bust & drag the HUI down.

Fully agree with you that gold stocks usually indicate in advance where the physical metal is headed.
IMHO quality gold stocks are at-or near bottom and a buy for any long term investor.