GOLD 0.51% $1,391.7 gold futures

dow smashed ... gold shares up 6 per cent ..

  1. 24,765 Posts.
    Now how many people have been posting over the years and telling us when the Dow corrects then gold stocks will fall down along with it.

    On a number of times I have said this shows NO historical perspective and that a rising gold price in a gold bull market will mean that gold stocks will rise while the Dow falls.

    Well, I think last night's price action clearly illustrates my point.

    Dow down 220 points to 13,043.
    HUI up 25.75 points to 435.12.

    That is a RISE of OVER 6% for HUI gold stocks while the DOW FELL nearly 2%.
 
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