the thing is xau/gld is lower today then in was @the lows of 08 not so for hui/gld or gdx/gld. this tells me marginal miners are going to be in trouble, explorers who have marginal resources are going to have trouble raising money. those w/poor management track records will have trouble raising financing. all of this will create shortages of supply down the road
there are daily divergences from oversold in the mining indexes. we will see what this shapes up to be
Interesting to me that GDXJ did not go below Dec low (yet at least) and XAU-HUI-GDX did, we will soon find out if that is meaningful
Edited by senorBS, 29 March 2012 - 12:23 PM.