For those subscribers that don’t feel comfortable about going short, this HUI to Gold ratio should give us a good entry point for a counter trend rally in the precious metals stocks. Right now it looks like the .23 area should produce a good oversold bounce that will be worth a shot to the long side. Keep in mind this will not be a long term trade but a trade against the main downtrend. If the HUI keeps under preforming gold like it has been it won’t take that long to get there. This is a good time to get your shopping list together for when the time comes.