Looking at the HUI.
now at 175.
last time at this level was March 11th
Gold price on March 11th was $1265
FDX now at 20.60 was 19.98 on March 11th
What does it mean for the POG.
bugger all maybe.
But I guess goldies were way under valued back then and maybe closer to true value now.
So far this year gold has risen in 4 months
dropped in 7 months.
Last year there were 5 ups 7 downs.
Betting on December being a positive month for gold.
ups are short and quick....probably to stop more getting in and out.
Downs are drawn out to catch as many as possible.
Funny game we play.
Cheers
BDR Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held