This type of move in the gold price would traditionally rally the HUI Gold Stock Index from +10% to 15% in a normal market. But, given the market is now re-testing the October-December lows, the move in gold stocks while positive, is still somewhat muted.
The HUI gold bugs index is very undervalued to the price [...]
HUI Gold Bugs Index vs. Gold Chart…
January 23rd, 2009 · 1 Comment · Gold & Silver Charts
Tags: Gold chart·Gold Chart. HUI:Gold Ratio·HUI Chart·HUI Gold Bugs Index