*FYI & an IMO post on the HUI and $GOLD, I think it may have topped out today, check candlestick... and I wouldn't rule out $GOLD doing one last jiggle and dance with sub-$400/ounce or the HUI at least double-bottoming if not heading to about 140-160... after that it's all systems go, $GOLD is clearly in a bull market and the manipulation and printing of paper currencies is going to lead to an inevitable crisis with a rainbow at the end of the storm in which the whole system is uprooted and people with spiritual integrity institute a new & brighter system which will be 100% honest... we just have to get through the early fireworks first...
An interesting thing, however is that $GOLD bottomed at $375 when the HUI last bottomed out at 163.81 back in May 2004, I could see it retesting that level but I don't expect it to go lower, and if it somehow did, it would be brief, I do expect a brief stint under $400 though, my point is it's more possible for the HUI to hit new lows then it would be for $GOLD to do the same, in other words, this upcoming low on the HUI... if it happens is going to be the buy of the decade...
sell the housing bubble and put it all into physical $GOLD and gold equities at the coming bottom ;) - Not a bad idea at all...!!!