GOLDBUGS AMEX Goldbugs Index (GOLD)

[ItsAllCyclical]

I'm gold bull LT, but ST somewhat worried about this chart:

http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24306281

On the flip side there's a possibility the HUI is forming a falling wedge which is traditionally bullish, but in this market climate I doubt it'll hold. Looking at HUI 390 again as the first step on a break down.

If gold does break thru to the 2nd or 3rd support it'll probably be the last time to accumulate the physical so cheap.