xau/hui

Interesting to watch last night both gold and silver pulled back sharply on so called profit taking. The gold bugs index both XAU and HUI got smashed last night (unwarranted).

XAU - down 2.5% and HUI 2.6% despite gold rallying through the night and end up on the flat at the end of the session.
Both metals set all time and 31 yr highs.

Take over aside for GDO, all these miners are struggling to muster any upward momentum. Once this shorting and manipulation stops of these two indexes, will start to see real gains and we are talking massive.

It would be the worst time for GDO to be taken over whilst this is happening and im praying a TO is not on the cards!! Why would be want a take over at an early stage of a mania. Once these indexes move, GDO will explode with or without a take over. Sprott management (no1. Precious metal managers in the world) have targeted 880 on the HUI by the end of 2011. Once miners re-rated, GDO will be hit even with fundies.

GDO is placed in a A+ position either way you look at it.
This is a HUGE buy, im loading up more tomorrow.