GDX fell below 40 and is hitting monthly lows last seen in the summer 2009. On current projections, a target low is coming June/July around 32 another 20% fall. Gold Miners are trading at 2006 levels when Gold was $600.
HUI/Gold ratio is 0.24 with Gold £1440 and HUI 375.
Historic low as 0.21 ratio in 2008. Assume Gold finds support around $1425, then the HUI will be 300
HUI/Gold ratio is 0.24 with Gold £1440 and HUI 375.
Historic low as 0.21 ratio in 2008. Assume Gold finds support around $1425, then the HUI will be 300
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