COT Bearish Signal HUI

Long Term I remain bullish on gold but gold stocks look ready for profit taking.






"After a wild ride to the stars, my setups for gold, the HUI Gold Bugs Index and USERX U.S. Gold Fund have gone bearish. Sorry, gold bugs and dollar-haters!"
Alex Roslin see COT Link

The broad market DJIA S&P 500 remains bullish.

Newmont Mining Corp. shares fell more than 7% Wednesday

Newmont Mining Corp. shares fell more than 7% Wednesday after the gold producer warned of higher costs from its Nevada mines and dwindling reserves from older pit operations. I am still looking for a 50% retracement of HUI or more.

Gold ends slightly lower