Tech Analysis of Precious Metals Miners

[D_A_N]

Hey Plyka,
i'm lately feeling disturbed by the weakness of HUI relative to the price of Gold.
Lately Hui would usually start strong in the morning, then fade to the end. This is a classic 'distribution' behavior that Nasdaq saw during its peak in beg. of 2001. The weekly MACD still has a long way down to reach 0 level for longs to feel comfortable buying.
I sold my biggest gold stock position which is AU last week to lighten up on my holdings.
HUI has been very very week lately and i'm starting to think that the only thing that's preventing HUI to drop hard is the tension in middle east ocurring now.
I'd personally prefer HUI to drop hard to below its 200 MA, and shake out the weak hands and start from there. What do u think?