Loading ...The most disturbing aspect of the morning was the battering of the HUI, which was way over the top weak early on and down over 5%. It fell to the very bottom of its massive base to below 101, and then took out 100. Meanwhile, the XAU was making new lows below 40, which is more than 1/3 lower than when The Café opened with the price of gold below $300 an ounce. Should the HUI take its base out, there is the potential is for a sizeable number of stops to be set off. Should that occur, it will turn our massive base into a massive top formation.
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