GRIM REAPER'S 'DD' Work

Today's HUI 'Daily' Chart

The HUI gold mining index has been in consolidation, as noted by the pendant flag that has been forming to fill the gap, and it appears to be close to a breakout to the upside. A jail house break in the gold mining sector would be a positive sign for Silverado Gold Mines stock

As you can see from the chart below, the RSI indicator at the top of the chart did reach the over bought territory above 70 (the threshold) and it is now sitting @ 57.26, closer to neutral

As you can see from the chart below, the 50 DMA is closing in on the 200 DMA, when the 50 DMA crosses above the 200 DMA, this will be a major event, the last "Golden Cross" to turn the HUI 'Daily' chart right side up

As you can see from the chart, the 20 DMA line is the floor/support for the price, just like we see it on the Silverado Gold Mines 'Daily' chart

$$ Ka-Ching $$ Ka-Ching $$

The AMEX Gold BUGS(Basket of Unhedged Gold Stocks)Index represents a portfolio of 15 major gold mining companies.The Index is designed to give investors significant exposure to near term movements in gold price