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 [...]
HUI Gold Bugs Index: Chart Breakout…
February 11th, 2009 · No Comments · HUI XAU Index Charts
Tags: Gold chart·Gold Price Chart·Gold Stocks·HUI·HUI Chart·HUI Gold Bugs Index Chart