|
The HUI sailing
into new all time highs just after breaching its long-term resistance
certainly woke up the traditional TOP callers yelling 'SELL' based on record
high open interest in gold and severe overbought conditions. We went through
it all before and yes, it's all deja vu December 2005 when most analysts were
calling for a TOP just after the HUI broke its long-term resistance at 250.
Also back then we had record high open interests in gold and dealing with
severe over-bought conditions. But as explained in my piece 'The Party Ain't Over Yet
related
articles:
GOLD/HUI Update: Gold - Posed for
Take Off - part II
We're on our way to HUI levels exceeding 450 before year end.
Readers
interested in all updated charts can view them HERE
Best
regards,
Eric Hommelberg
Editor, the Gold Discovery Letter, the Gold Drivers
Report
www.golddrivers.com
If these charts are
helpful you could opt becoming a GOLDDRIVERS CHART member ( $5 per month). CHART
members are receiving all golddrivers charts on a weekly base and are given
access to the GOLDDRIVERS CHART pages at golddrivers.com
If you want to add
to your gold share positions you could opt to become a PREMIUM member (one
month free trial) and join us in our hunt for juniors that could be on the
verge of a big discovery. Info on our subscription offers can be found at our
home-page at www.golddrivers.com
The Free trial includes
all GOLDDRIVERS modules like Discovery News, Charts, TOP-20 Favourites,
Break-out ALERTS and GOLD/HUI analysis.
In case you don't
want to opt for a Free trial mentioned above you can drop a mail HERE as well in order to join our Free
mailing list. By doing so you will receive every now and then a Free version
of the Gold Drivers Report.
| 
