Early on gold unpegs in its traditional price cycles. Speculators often do not believe so the HUI and silver can lag in market values. Once the speculator’s faith returns, catch up rallies in silver will often surpass gold’s momentum.
At mid August 2007 , gold was barely holding on to price levels of $ 650. The HUI closed at 300 after plunging to 285 on the brutal mini-panic morning of August 16th. But as usual when there is no real rational reason to be scared, the situation can and will change. However the changes are generally not with a whiplash inducing speed thrust.
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