Bevter,
I agree. something about this POG sell off doesn't smell quite right. Gold stocks are soft today, but not calamitous, which is the norm. Sometimes, during a US holiday, thin trading queers the pitch. I wonder if this is one of those times. Also last night was a BIG settlement date for London OTC contracts. My heart says "BUY", my gut is "CHURNING" and the picture reads overwhelmingly "BEARISH". In levels of uncomfortableness, I'd say I'm an 8 out of 10, and thats as good a contrarian indicator as I have.....USUALLY!
