Gold shares had another good day yesterday.
The HUI Gold Bugs Index rose 8% to 194.33 and
is approaching the 200-day moving average at
208.27. The S&P/TSX (Toronto) Global Gold Index
ETF (symbol XGD) CAD 10.85 (+4.7%) is trading
already at the 200-day moving. This index is up
around 20% from year-end. The gold spot price
is approaching (US$ 1,242 per ounce) is also
approaching the 200-day moving average at
US$ 1,256 per ounce.
I remind you that gold shares are rallying from
a very depressed and oversold level, so strong
advances as we witness right now are nothing
unusual.
2015 could be turning year for precious metals. So the timing is everyting. Stay
tuned.
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Commented on MasterMetals