As a “generational perfect storm” brews on the horizon for gold & gold stocks, the HUI Gold Bugs Index is basing within a rather defined trading range.
After doubling off the October and November lows, the HUI gold stock index has now found support at earlier resistance levels near HUI 248, and resistance from consistent profit [...]
Gold And HUI Gold Bugs Index Charts & Trading Thoughts…
March 24th, 2009 · 5 Comments · Gold and Silver Trading, Research & Analysis
Tags: Gold·Gold chart·Gold vs. Currencies·Gold vs. US Dollar·HUI Chart·HUI Gold Bugs Index·HUI Gold Index·JP Morgan Derivatives·Quantitative Easing
Will The IMF & G-20 Unleash… A Generational “Perfect Storm” for Gold?
March 17th, 2009 · 1 Comment · Gold & Silver Charts
Gold is still comfortably within it’s bullish uptrend, and technically you have to stay long “of gold” (as Dennis Gartman would say) until it breaks support.
Fundamentally, gold is trading as the last remaining sound currency in a world of un-sound central banking. And gold is up an astounding 22% to 42% against the major [...]
Tags: Bailout·G-20 Meeting·Gold·Gold Charts·Gold vs. Currencies·Gold vs. US Dollar·IMF·IMF Bailout·IMF Special Drawing Rights·Stimulus Package