Jul 22, 2007

Summer Doldrums Over?

The HUI has signalled a decisive breakout right in the middle of the "Shopping Season" spoiling everyone's vacation:

Click to see magnified

It remains to see if gold will confirm following suit behind the stocks and propped by the weakening US dollar (Which is looking very precarious at 80-something points. It shouldn't surprise us if the buck "stages" a temporary comeback..):

Click to see magnified

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