When asked about the HUI being close to a breakout Embry responded, “I think the HUI when it breaks, once it clears the 600 level with a little gusto, I figure 50% higher in a short period of time. At some point in this move there is going to be the collective realization that these stocks (mining shares) are just staggeringly cheap and because of some of the activity that has gone on in these algorithm programs, not only is there the buying, but there is the natural short covering that has to happen. That’s an explosive combination.”

FYI guys

Jim