textbook pullback = time to top up!, page-2

Looks like the HUI finishing flat Monday night (and NCM finishing up yesterday) despite the POG dropping to 1,736 was a positive indicator on the POG.
Last night POG rebounded, although not by that much.
However the HUI rebounded by even more at 1.8%.
Perhaps another positive lead suggesting the larger players believe this POG correction is done?
Follow the leaders not the rumours will probably work more often than not.

I agree Stealth10, time to top up.
I didn't wait for today though- the HUI was a good enough signal, I topped up yesterday at 5.1 (those that got 5c should be pleased today) and I did the same with SLR (through IGR which was trading at a discount to SLR).
Some of those that preferred to wait might still get ABU at 5.1 on the open but they did well not buying on the way down.
Sell side on ABU is looking thin.
If you look at the chart of ABU for last year, the rebounds after these sharper deeper corrections were often very fast and very powerful.
Even if wrong about the bottom (easy to be wrong with that sort of volatility), as long as the trend remained in tact, it wasn't long before any short term losses switched rapidly into strong gains last year. The exception being after the 8c peak at the end of the year when all gold producers were already falling towards their big 50% plus correction during golds year long consolidation.
No guarantee the same rapid rebound will happen now (and you have to pick the lows correctly), but no good reason why it won't rebound well if the HUI is correctly picking the POG correction to be over now.