Update - Gold Stocks / HUI Upleg Unconfirmed

Just a quick note to point out that while the HUI did momentarily exceed our 353 trigger point, it did not close above 353 and thus has failed to generate the buy signal that we are waiting for. As you can see in the chart, the HUI spiked on Wednesday 8/23, but our exact mark at 353 proved to be a tough ceiling to take out and the HUI promptly bounced off and headed lower.


We are focusing on energy at the moment, waiting for metals to decide one way or another. We are still bullish on natural gas, and think NGAS is a great play in this sector.

We are also keeping our eye on a company that plays in the wind energy sector and may profile them if our research comes out positive. They recently changed to make wind energy their focus and renamed the company to reflect this new focus. They are in talks with China to provide a large number of turbines. After initial investigation, we think this stock has the potential to double in coming months. But we have seen over-hyped renewable energy companies before (such as XSNX) and will approach this one with heavy skepticism.