Monday, October 15, 2012

Gold and Silver Gap Lower

Vultures (Got Gold Report Subscribers) please log in to the Welcome page of the Subscriber site for our pre-market comments this Monday morning. 

20121015-GDXJwIAU

As gold and silver correct we will be particularly interested in the relative performance of the mining share indexes to gold metal.  In the chart above, for example, IAU stands in as a proxy for gold with the Market Vectors Junior Gold Miners Index ETF or GDXJ.

In the chart below the Gold Bugs Index (HUI) is compared to the EOD price of gold as another example. 

20121015-HUI-gold

Please note carefully our pre-market comments in the GGR charts, especially for gold and silver.   

That is all.  Carry on. 


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