...........SPX (S & P 500) Takes A Dive, So Do HUI, NEM, and the XAU

Today was a great example of the affect that index funds have on gold/silver stocks. SPX gapped up at the open and had very brief strength, so did HUI, NEM, and the XAU. SPX (S & P 500) takes a dive shortly thereafter, so did HUI, NEM, and the XAU. SPX index funds are probably the largest NEM traders nearly every day. When SPX goes down that leads to weakness in other indices and their corresponding index funds sell their gold/silver stocks. See the chart at
http://finance.yahoo.com/q/ta?t=5d&s=%5EXAU&l=off&z=l&q=b&a=m26-12-9&a=p12&a=fs&a=w14&c=%5Ehui%2C+nem&c=%5EGSPC