Sunday, 6 January 2008

North on the HUI

Click to enlarge
North is one of the best chartists out there and he frequently posts at Goldtent and Gold Forum. He is also no mean poet! Here is is most recent chart of the HUI. It's useful to see how the bull market in unhedged goldshares has developed and where it might go this year.
Here is North's intriging post in full:
"If HUI emulates its action in 01-02, then it will hit the first blue rail in May 08, then draw back until the beginning of 09. And it will hit the highest blue rail in May of 09. That is a breathtaking scenario if it materializes."

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About Me

I teach Film, Media and English Lit.