Technically Bullish!

U.S. Global Investors Weekly
"Technically Bullish! A huge spike in the one day dollar-weighted volume in the XAU Index (seven-standard deviations!) three weeks ago which marked the start of the recent rally in gold stocks. The XAU has outpaced spot gold nearly 3 to 1 since the low point of August 16 and has significantly closed the year-to-date performance gap between gold and gold equities.

As highlighted last week the price action in gold and the gold stocks was shaping up nicely for this week’s rally.
...On August 16, we had a massive demand for liquidity across all sectors, including gold stocks. This helped to set the stage for the rally as investors burned by technology shares and now by real estate want an asset in their portfolio that may offset some of the pending economic risk shown by recent news releases."(9/7/07)

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