February 13th, 2012
Published Daily

HUI – Gold Bugs Index (Last:473.97)

by Rick Ackerman on November 19, 2009 11:07 am GMT

Yesterday’s thrust topped within less than a point of the 488.79 target flagged here earlier, so long-term bulls should exercise caution at these levels.  There is still room for a second-wind burst over the near term to as high as 499.58, but because the move would max out the hourly chart, anyone who sticks around looking for more would be exposed to serious jeopardy.



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