HUI can be seen as negatively diverging gold and silver, no matter that a lot of the pressure there is concentrated in the senior miners after GG's lousy production revision. But taking the GLD chart at face value, there still appears little to get excited about and in fact, it is going to break one way or the other fairly soon. I suspect (as in guess, like anyone else) that the move is going to be down... right into the ending phase of the correction.
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