I do think that overall market is going considerably higher, but I am starting to suspect that eventually AJ may turn out to be correct with his pessimistic targets for gold. Not $300+, but maybe below $500. Should be an exceptional buying opportunity.
I was telling a gold bug(who is long gold but shorts the market) a few days ago that equities have been going up with oil & gold.He thought that was hogwash.But I told him oil & gold stocks are powering the indexes and showed him a OIH chart as an example.He still thinks it's hogwash.