I may be buying today.
We've been gifted a ST correction in an uptrend of a great bull market. This uptrend will last until next March before any significant correction. QE, sovereign debt, interest rates, etc., it's all just noise. Currencies don't float, they just sink at different rates. Gold is still gold.
Look at the minging indices, they are breaking out!
That said, I am staying away from the big names that have already had huge increases and will also fall the most if a real correction does take place. I'm going after some of the small guys that haven't moved much, if at all yet, and don't have much room to fall no matter what happens. (Unless its an even worse crash than last time and everything goes bankrupt, but i don't see that happening, at least not yet).
Look at the ST gold chart. It's developing a very nice range and base building before its next jaunt higher. There have been no consistent day after day 2 and 3% drops, and it never went parabolic, which it always does before any significant correction.
I think 1500 is in the cards at a minimum.
