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Commentary Topic from greenfaucet

A Closer Look at HUI and SPX Pullbacks

Although this surge was certainly fun, considered in context its results were disappointing.  Believe it or not, in the hyper-volatile HUI an 8% up day isn't very rare.  There was a 9%+ one in early September and a 7% one in early October.  Considering gold rallied $25 in a single day and exceeded its old record by $21, the HUI ought to have done much better on Tuesday.