24 June 2006

Gaming HUI Corrections

Safe Haven | Gaming HUI Corrections: "After nearly five weeks of getting relentlessly hammered and eviscerated, it was great to see the flagship HUI unhedged gold stock index stabilize a bit this week. The HUI managed to find some support near its 200-day moving average and gave battered gold stock investors and speculators a chance to catch their breaths.
With the HUI plunging 31% over 23 trading days between May 10th and June 13th, the short-term pain for those who rode it down has been intense. But as always in the markets, there is a silver lining. At least two major things have been accomplished by the HUI's sharp decline which will help this bull's ultimate longevity."

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