Gold BUGS Index Getting Obliterated – and More In Store

If you're a gold bug, stay away from the HUI and look for more diversified metals plays.

   

The NYSE Arca Gold BUGS Index (HUI), the gold stock index, was probably hit the worst out of any index today, down nearly 5%. I continue to think that the HUI is in a weekly bearish descending triangle and it’s going to get obliterated.


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