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Mining Stocks

August 8, 2009 - Nothing has changed over the past few weeks.  The XAU Index is still testing overhead resistance around the 152-154 area, which is the same area of resistance discussed many times recently.
 
One of these days - probably by early or mid-September - the XAU will hurdle this resistance level.  In the meantime, look for the XAU Index to do some more ‘backing & filling’ over the next few weeks, just like I am expecting for gold and silver.  But the major trend for the XAU remains up, again just like it is for both gold and silver.

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