"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat


Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput

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Thursday, August 16, 2012

HUI Chart

The Mining Sector shares have shown some strong performance over the past three weeks having solidly rebounced from down near 390 moving up through several overhead resistance levels.

A push through overhead resistance near 440 sets up a run towards a major resistance level centered near 460, which is the point that needs to be bested for a trending move to the upside to develop.

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1 comment:

  1. MDLGTOAugust 17, 2012 at 8:03 AM

    Looks like HUI hits up against resistance and the next morning the shorts / algos are having a field day with the juniors... tiresome... since i have to track my portfolio anyway, i am at least taking advantage of the crazy hits / rebounds to the juniors to pay myself for the work for managing my own portfolio while the HUI / Gold bide time.

    As always, thanks Dan...

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