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Our stops were triggered this morning on the HUI Gold Bugs Index, as AIG posted the largest quarterly loss in market history, at $61.7 billion dollars… pushing the DOW to new lows with a gap down open below 7000.
All last week, the HUI index flirted with breaking key support, but held HUI 285 [...]

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Given all the nattering naybobs of negativity who seem to be in such a hurry to pronounce this move in gold as being topped out, and finished; I thought it would be a good time to update a few charts.
First, let’s take a look at Gold.
Gold has just made an uninterrupted run from $681 in [...]

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As gold soars toward $1,000 dollars an ounce and back into the headlines, silver is quietly approaching a key technical breakout and may offer even greater upside potential.
First, let’s take a look at the valuation gap between gold and silver.
Using the 2007-2008 time frame as a guide,  $950 gold is equal to an $18.75 silver [...]

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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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Here’s my latest interim trading charts for the HUI Gold Bugs Index:
The HUI Index over the last couple of weeks has delivered a series of 4 “lower highs” along with triple support at the HUI 282-285 level, giving us a descending triangle pattern.

So why the lower highs, with gold trending higher and holding above $900?
In [...]

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