Targets for the Major US gold indexes are HUI-260 XAU-112 April-May this year the funny thing is that physical gold will not go much below $540, the speculative money in the gold shares will slowly sell as it becomes bored with golds non performance during the traditionally flat part of the year. The XAU and HUI have already broken down from H&S formations vs gold when these targets are met it will mean that gold shares will have gone no where in 2.5 years. Buying and holding gold shares is a bad idea.
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- gold shares flat 2.5 years+
gold shares flat 2.5 years+
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