A rising HUI led the topping out GSR back in the fun filled summer of 2010. HUI then topped out in December, leading a bottom (of some sort) in the GSR during the current correction, and now? Well, stay tuned. GSR and HUI are currently pretty much inverse each other and the PM sector looks to its premier fly boys, the silver bugs, to lead them out the darkness.
My preference would be the opposite, continued routine corrective activity amid a reversal in bond yields, a rising real price of gold, and asset markets far and wide on a healthy corrective decline at best, and price destruction at worst. After all, deflation or more accurately, the threat of same, is a good thing when you really think about it.
It is either that, or we drop into Wonderland, which is NFTRH's way of saying get ready for some serious discussion about hyperinflation. A deflation event sure beats seeing legions of asset owners seemingly becoming enriched simply by following an inflationary trend. IMO.
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