Here is my updated chart of the HUI index for May 3rd, 2008. Im expecting some consolidation around the current levels with a drop of about 15-20% more from here should gold fall towards $800-$780 level. At the moment Ive started to build a position and will add more if the index can close above the 200 MA for a few days on strong volume.
Feedback and comments are always welcome.
Feedback and comments are always welcome.
J
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