SPX (S & P 500), HUI, NEM, XAU Dive At The Same Time
SPX took a dive shortly after 1 pm EST and so did HUI, NEM, XAU. SPX drives index fund trading which moves many indexes profoundly. Rapid very modest % moves in SPX cause rapid significant moves in NEM and other gold/silver stocks in the many indexes affected by SPX. The largest traders of NEM and other gold/silver stocks found in the various indexes are index fund traders, AND, they tend to trade at THE SAME TIME or nearly so, which is huge. The cycles are vastly different for gold/silver stocks and SPX since gold/silver stocks are in a very long term upcycle since Oct/Nov 2000 and SPX is in a very long term downcycle since March 2000. http://finance.yahoo.com/q/ta?s=%5EGSPC&t=5d&l=off&z=l&q=b&p=&a=m26-12-9,m26-12-9,p12,m26-12-9,p12,fs,m26-12-9,p12,fs,w14&c=NEM,%5EXAU,%5EHUI
http://www.JoeFRocks.com/ !
http://www.JoeFRocks.com/ !
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