The break above the 50 period MA’s on the HUI 60 min. chart with a corresponding break below in DUST, is the first positive technical inkling for a potential bounce or rally in the gold stocks. We cannot say for sure that this will hold and manifest in a rally, but we can say for sure that this is the first time HUI has gotten above the 50 period MA’s since late October. It’s a start, and our stronger signals would come with the daily 50 MA’s and MACD going positive.
