Mostly: Classical

[basserdan]

I fear that, when the broader market will reverse, PM shares will sell off in sync before rebounding.
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Excellent post Louis,
I too fear a black day/week in the general markets that would pull the PM's down with them, but Saville is of the strong opinion that the PM's would, in all probability, get a two week (or so) reprieve before they succumbed to the selloff.

Wayne had mentioned that earlier along with a Saville "snippet"

This is from Saville this last weekend. Reprinted with permission:

"We expect that this latest correction in the gold sector will be followed by another good rally, but we don't have a strong opinion on whether or not this next rally will take the popular gold-stock indices to new highs. In fact, whether the HUI does or does not move to a new high during the first half of this year is of little relevance to us. Instead, we think there will be good money to be made in the gold sector from the low of the current correction through to April-May regardless of whether or not the HUI ends up exceeding its December peak during this period. Our only concern will be that the stocks we own perform well.

In other words, if things pan out roughly the way we currently expect then the financial backdrop will become much less 'gold-stock friendly' prior to the middle of this year. If/when this happens, buying the dips in gold stocks will no longer be an appropriate short-term strategy, although the longer-term upward trend in gold-related investments is likely to remain intact for several more years."

http://www.investorshub.com/boards/post_reply.asp?message_id=2183125

I've taken note your other comments as well.