Zachary,
Call it fraud all you like but you haven't got a shred of evidence unless they've been convicted, it's all hearsay.
I guess the banksters have been at it again, this is from Incredible Charts just what I've been saying about the HUI.
'AMEX Gold Bugs Index, representing un-hedged gold stocks, followed through below 480, breaking primary support at 500, confirming a primary down-trend.
Peaks below the zero line on 63 day Twiggs Momentum also signal a primary down-trend. The Gold Bugs Index often acts as a leading indicator of trend changes in spot gold prices.
Expect further weakness in the yellow metal; breach of support at $1500 oz would confirm a primary down-trend.'
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