We will talk more about HUI this weekend, obviously. There is a lot to like about the current status and it remains to be seen to what degree a bottoming GSR will upset Huey's mood. We are once again dealing with the resistive EMA 75 and things just look really good.Again, the wild card is, what will be become of the gold stocks, however temporarily, when hopes starts to run out?
Again, risk is... Beuller? Yes Bueller, it is high. In fact, my upside target for the BKX is locked and loaded and I am trying to remain patient on taking some possible short positions. Risk on the markets is high. The contraction condition, if/when it returns, is going to do good things for gold mining bottom lines, just as it did up until March. Now we just need to get that pesky market sentiment sorted out. Both to the euphoric upside and the despairing downside.
