"Well according to a regular Kitco commentator(Hamilton)the above is more likely than unlikely. The link to his analysis of the HUI gold index v POG and the timing of major market price surges of gold stocks is quite compelling reading: www.kitco.com/ind/Hamilton/feb222008.html"
Hamilton saw the strong surge in the HUI index of unhedged gold producers peaking about mid May, 8 weeks from the start of the super-surge. The HUI took off last night !!!!
So when I thought it was starting last week, I got a false signal as some of the juniors had risen sharply.
Expect the quality producers to run first, but they don't have the blue sky of the junior speccies. When the retail investors get involved and taxi drivers have a "hot tip" for you, the juniors will be running hard on pure speculation.
By this stage start locking in some profits with 'conditional' sell orders.
The article should still be available on kitco.com under "further commentaries" at the bottom of the latest ones displayed. DYOR - read his article!
