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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Eva who wrote (15428)	10/7/2008 12:37:27 PM
From: TheSlowLane	Read Replies (1) \| Respond to of 29622

If a rapid doubling of the gold price from here would not do anything for the gold stocks then I don't think anything will. In the piece by R. Russell on 321Gold he is saying that the gold stocks don't believe the current spot price and speculated that it may take a sustained move above $1K for the stocks to move. Not just the juniors, I believe he was talking about the whole sector.

To: Eva who wrote (15428)	10/7/2008 4:10:41 PM
From: basserdan	Respond to of 29622

<<<OK, now I got a very stupid question, would that lift the gold equity prices??>>> Hi Eva, My guess is that ANY move back to and through four digit Au will bring renewed buying in PM stocks and the longer/higher the PoG is sustained above that level the better will be the comeback reward for battered PM bulls like myself, and I presume, you as well. Imo, a doubling of the PoG from these levels would prolly make this current beating a worthwhile 'exercise in patience.' Btw, when it comes to PM's, there really aren't any stupid questions. <vbg> Good luck to you.