Everyone is talking about the importance of HUI breaking out above its 609.22 (April) all-time high. Last week it was turned back at 608.21; today it was repelled at 608.80 (so far). Can TPTB actually have the banks sell seniors like ABX, NEM, GG, etc. when the index approaches the all time high? Or is this action a coincidence? Keep your eye on that 609.22 number. The fallout will be huge when it is exceeded conclusively.
Strike