Le Metropole Members,

There is much to get into in MIDAS commentary later, but it is worth an alert to point out the HUI is breaking out to the upside at 456. This follows silver leading gold back up today. Watching the HUI action, along with silver, has been the key to appreciating what The Gold Cartel was going to do.

This is the HUI chart. The important, powerful formation has a left shoulder, a V bottom collapse, and now is breaking out of a right shoulder:

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=HUI&sid=16794&time=8