the HUI closed with a white candle yesterday (another red would have called for lower prices so is worth noticing)

http://allyoucanupload.webshots.com/...

silver also spiked back up to $20.00 again this am. While Im not certain at this point exactly when we should be seeing the additional performanc e of shares against silver..that situation IS due in this upleg, so the performance of pm shares at some point will become a more important element than the metals alone. As it is pm shares and pm are on different long term cycles, it is wrong to believe that the silver etf will 'always' outperform silver shares, it depends on the cycle.

Looking at the trend lines developing on the HUI, it seems reasonable to me that the HUI is likely to break the upper blue trend line in the short term