Below looks at the Gold Bugs Index (HUI) over the past decade. The rally this year has taken the Gold Bugs index up to test a cluster of resistance.
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Gold Bugs Index was presented with a cluster of resistance and so far it is attempting to breakout, above several resistance lines.
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Even though the broad market is at all-time highs, Gold Bugs continues to reflect relative strength over the S&P 500.
Joe Friday Just The Facts; Gold Bugs Index and Gold Bugs/S&P ratio are both attempting breakouts above a cluster or resistance lines.
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