xgd looking bullish

This morning, in a post that has since been vaporized, I forecast that the Australian XGD gold index would rise less today than the HUI index did last night. I was correct, it rose 3.3%, two-thirds of the 5.1% rise of the HUI. Some observers were disappointed about this, but one should not take a great deal of interest in one day's performance. Over the past 2 days, XGD is up 7.3%, compared with the HUI's 7.9% (and less than 0% for the XJO). I find this bullish given the lacklustre performance of Aussie dollar gold. Check out the XGD chart for yourself, it hasn't looked this good since November last year. Let's hope the good run continues for a while.