Foreign Currency Trading Beginner Resource Center
The HUI is generally a far more accurate reflection of the sentiment among PM investors than gold. Despite the golf price hovering around the $ 700 dollar mark for several weeks prior to the Fed it did not impress PM- stock speculators. The HU flatlined in its 360 degree resistance zone while gold soared higher.
However on the actions of the Federal Reserve in general overall stocks soared. However the PM stocks got a sympathetic bid. The irony here is that as PM sticks investors are seldom , if ever, fans of the Federal Reserve that this episode is just a reflection of the still more than heavily damaged sentiments the late summer August mini panic of sorts created and fostered.
Silver is like the HUI. a great more speculative than gold. With the new rallies in gold silver traders remain on the sidelines
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