Gold shares had another good day yesterday.
The HUI Gold Bugs Index rose 8% to 194.33 and is approaching the 200-day moving average at 208.27. The S&P/TSX (Toronto) Global Gold Index ETF (symbol XGD) CAD 10.85 (+4.7%) is trading already at the 200-day moving. This index is up around 20% from year-end. The gold spot price is approaching (US$ 1,242 per ounce) is also approaching the 200-day moving average at US$ 1,256 per ounce.
I remind you that gold shares are rallying from a very depressed and oversold level, so strong advances as we witness right now are nothing
unusual.
2015 could be turning year for precious metals. So the timing is everyting. Stay tuned.
The MasterMetals Blog
@MasterMetals
