Silver vs. HUI

I am not trying to find reasons to be bearish silver, but here is a chart done up for a subscriber who wanted a look at a ratio of poor man's gold to the HUI.  Silver-HUI is the most over bought since 2000 and interestingly, at major long term resistance.  I am glad he asked me for this view, because it makes me more firm in hedging gold (and silver) stocks with silver.

http://www.biiwii.blogspot.com
http://www.biiwii.com