*HUI finished slightly higher Thursday on a mini-hammer forming, however this may have been due to nothing more then light volume in the gold equities and the fact that the RSI(14) 50 level was being defended as well as broader market strength in which gold equities lagged behind...
Keep in mind the HUI is still entrenched below key moving averages... besides being well below the 200 day SMA (208.83), the HUI also currently sits just below the 10 & 50 day SMA's, as shown on the chart...