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dr_airtime

04/05/13 2:43 PM

#30127 RE: silver100 #30126

Pretty significant that gold held $1540...

...in overnight trading Wednesday night. I believe $1538 was the intra-day low back in May 2012. I think in a few months we'l look back and this will be a major bottom for gold and gold stocks.

Dec 2008-Mar 2009 shows that gold stocks can move opposite to general equity markets as long as gold is rising. I think this will happen again with the current sentiment with gold stocks but bloom is off sector as a whole but the quality names should perform well.