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Gold Bugs Index Breaking Out


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#1 Russ

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Posted 07 December 2005 - 11:44 AM

Why is does this divergence appear? Why were the gold stocks higher in 1996 when Gold was lower than now?

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=nem,uu[w,a]wallyyay[p][vc60][iub14!ld200]&r=8207.png

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$hui:$gold,uu[w,a]wallyyay[p][vc60][iub14!ld200]&r=4501.png
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#2 beary

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Posted 07 December 2005 - 12:57 PM

A case of share dilution?- NM

#3 dougie

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Posted 07 December 2005 - 02:08 PM

price of oil...