Physical metal prices are much better indicators when general overall equity prices are weak so I watch the metals prices right now for new direction. They are saying metals higher which will lead in this case to HUI higher. It seems to me that some entity is trying to go after what would be strong HUI support at 450 which is also pretty much a 50% retrace of the move since early August. I never thought this would be done given the gold/silver strength but the weakness in general equities and mediocre earnings from a couple of the gold leaders recently have helped the hedgies with this move lower. Charts suggest HUI 450 huge support area.