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« The Federal Reserve 0.25% Rate Hike: Gold and the Dollar | Main | Fed Watch: Europe Scrambles for Solutions »

The Gold Bugs Index; the HUI Loses 6.43% in One Trading Session


The chart above clearly shows the demise of the precious metals mining stocks. The Gold Bugs Index has been unable to make a new higher high as the underlying commodity, gold, fails to shine.


Also note that the worlds biggest gold miner Barrick Gold (ABX) fell 9% today.


This week we face the meeting of the FOMC and the possibility of the first rate hike for several years. This could be the straw that breaks the camels back and forces a final wash out in this tiny sector of the market.


The question remains; Is this the bottom? many think it is – if you want to know when we intend to move and what action we intend to take then come and join us.


If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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