Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I have been avoiding these for quite some time, both XAU and HUI printed new yearly lows today, not a good sign, and if the market in general goes into a swoon down, these are ripe to go down even further, IMTO. Short term, the rsi are where minor bounces could be expected, and gold itself is approaching some support in the $415/420 area. If that is breached, well, $400 and $380 are next areas of support. I think that Dan should give us his input on that however, he follows the yellow much closer than I do.