• 659 days Will The ECB Continue To Hike Rates?
  • 659 days Forbes: Aramco Remains Largest Company In The Middle East
  • 661 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,061 days Could Crypto Overtake Traditional Investment?
  • 1,066 days Americans Still Quitting Jobs At Record Pace
  • 1,068 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,071 days Is The Dollar Too Strong?
  • 1,071 days Big Tech Disappoints Investors on Earnings Calls
  • 1,072 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,074 days China Is Quietly Trying To Distance Itself From Russia
  • 1,074 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,078 days Crypto Investors Won Big In 2021
  • 1,078 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,079 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,081 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,082 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,085 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,086 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,086 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,088 days Are NFTs About To Take Over Gaming?
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

The New King of Money, HUI Breakout

Gold $472 HUI 243 APE.v 0.43 SVM.v 3.95

HUI has gone up 20% since August 31, is it too late to get in?

Looking at the following chart

I'd say the HUI party has actually yet to get started. Now let's take a look at gold.

Gold has broken out in dollar, euro, and swiss francs. Coupling the breakout with traditionally strong season for gold, it's not unreasonable to assign a $500 price target for 2005. The target can actually be reached as early as October. And keep in mind it took mere weeks in 1980 for gold to reach $850 after the $500 resistance was overcome.

In my opinion HUI will follow suit very quickly by breaking out of 250 resistance to go as high as 500 within 6 months.

I am particularly fond of silver and you can find my silver write up at
http://goldinsider.com/ape.htm
http://goldinsider.com/8_11.htm

Back to homepage

Leave a comment

Leave a comment