Tuesday, June 30, 2009

Next leg down for gold stocks?

I am not bearish on Huey. I am bullish but have withheld lot's of dry powder for lower levels on HUI, as NFTRH readers know. There are several gems I want to either re-buy or add to at lower targets. So, I am not unhappy to see the gold miners get hit, possibly into new lows for the correction, per the 60 min. chart shown here.

We have our targets for several gold stocks, as well as the HUI and the most preferred ones are lower than here.

Good luck out there.