Gold Battles Back, Bugs Cheer


"Bugs blame central banks, but say they'll fail."

MarketWatch, Peter Brimelow

Gold was looking pretty dismal most of last week and so were gold shares.

Gold for December delivery GC1Z -1.91% traded on the Comex division of the New York Mercantile Exchange, from last Friday's close to this Friday's low, lost $93.90 or 5.1%. The NYSE Arca Gold Bugs Index XX:HUI -0.70% at its low was down 7.1%.

This unpleasant trend caused the Gold Charts R Us service (GCRU) which attempts to trade short term moves in gold and gold shares to take decisive action in its weekly update published at midnight on Wednesday. . .View full article

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