Absolute garbage, it doesn't matter what gold should be worth, the fact is gold miners are getting $1600 per ounce and are at the same level as when it was at 1100 means the gold miners are oversold or need to catch up.
Simple economics, gold miners are making tons of profit and will no doubt get a re-rating if the gold price stays at these levels.
"Even when stocks blast off the HUI's broken down on the starting grid which means gold going to the moon is like dreaming of winning lotto."
So your saying because the HUI has been sold off, gold won't rise? how does the HUI have any correlation to global gold prices?
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