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CAGDF - Gold's Summer Rally Includes Centerra Gold
Centerra Gold
August Comex gold (GLD) hit a new high last week at $1,454. Below is a chart of the HUI gold bugs index. The index has crossed the 200-day MA and heading toward a break out that I show with the red line. So far this summer rally in gold stocks has the HUI up +40%. The most important observation on this chart is that the 200-day MA has turned up and the break above it is quite large. The (GDXJ) has a similar gain.