***HUI closed damn near the high of the day on Tuesday... a day that will be known as a day that the FOMC minutes were conveniently released with a 1-sentence ommission from our thinkworthy Federal Reserve that was later PR'd as "big news" upon the close...
Now let's see if the HUI (basket of unhedged gold stocks) is ready to diverge from the markets, all of which closed sizeably off of their highs of the day... note that the HUI did this on a day $GOLD was weak and closed lower and a day in which the dollar held its own... interestingly enough, as I write this, the dollar has taken a small intraday "plunge" in predominantly Asian trading and $GOLD has posted a small gain, spot $GOLD as of this post is $428.60... let's see what happens in this ongoing event...
Should the HUI part ways with the broader market for a lengthy period of time, it would not be unusual, look at how the HUI did in 2001-2002 and research how gold stocks have done during times of tension, during times when bears have "roused" the Wall-Street nest...
This is a potentially ongoing significant development, and I'm going to be all over it, I know time is on the side of the $GOLD stocks, just think of how $GOLD stocks would be valued vs. their books if they were valued like oil stocks against their probable reserves?... I've seen bank stocks which have a market cap of like 50 billion and even a bigger debt load, if $GOLD is in fact real & archaic money, then I could only imagine the size of the vaults of some of these $GOLD companies, that is why I'm severely long-term bullish on $GOLD stocks... let's see what happens here...
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