As I write the HUI sits at 238.89. In my mind the HUI should not have moved under the 240 break-out point. This development brings out the sceptre that this may have been a false-break out.

Bullion remains strong but I have decided to take my profits and stand aside for the near term.

HUI needs to move back over 240 to remain in a bullish posture.

This certainly not a "reccomendation" - just a personal money management decision.