US markets down strongly last night. NASDAQ one of the biggest losers with a fall around 3%. Things are getting very interesting globally.
Gold drifted lower but there wasn't any major selloff.
Most interesting chart for me was the HUI, which tried to rally but ended up flat. That's not bad considering the drop in global markets as well as the gold price. I've highlighted a few sessions lately where the HUI has tried to rally but been sold down. Eventually, one of those rallies should stick which could create an excellent buy signal for gold stocks.
