Recall I did some buying on the plunge to the 380's but also kept plenty of dry powder given the neckline break and lower targets. I have fully expected HUI to retest the neckline breakdown. But like gold itself, perhaps the gold stocks have had enough of this foolishness. They are close but no cigar - yet. MACD on the verge of confirming and the rise of the STOCH's above 20 bode well however. The plan is and has been to buy another washout OR buy a break above and hold of the 420 area resistance.

Did you like this article?