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Here’s an updated chart of the present “descending triangle” technical breakout rally in the HUI Gold Bugs Stock Index:
The HUI index now needs to take out the prior high of 318 to confirm the rally. If it does,  there is no significant technical resistance until the HUi 370-380 range.
And fundamentally, the HUI could run all [...]

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The HUI Gold Bugs Stock Index now reflects the market shift from the debate over inflation versus deflation, to the debate of recession versus depression.
HUI Gold Bugs Index Chart

Yesterdays selloff was reflective of the worst of all worlds…
– an indication that the House will not pass the bailout/stimulus package.
– a complete exodus from commodities and [...]

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The HUI gold stock index has continually traded within tightly bound trading ranges during each phase of this gold bull. During 2006, and the first half of 2007, gold and gold stocks were fundamentally driven by the collapse of the U.S. Dollar and rising inflation. Even with the parabolic surge in commodities resulting in new [...]

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