gold shares set to rise 300%?, page-4

Precious Metals: Don’t Want To Play Anymore?

By Dudley Pierce Baker

We suspect that many precious metals investors are saying, “We don’t want to play anymore!” and our reply is, “You want to quit right now, right at the bottom of this cycle? You must be crazy - crazy with a capital C!” True, this is a very challenging market environment for resource shares, but we know what the ultimate outcome will be: higher share prices. The only question is “when” and our opinion is that we are very close in time (within days or a week or two at most) of being able to say that the lows are behind us. Let me explain.

The full read is at http://news.goldseek.com/GoldSeek/1336071800.php

My comments:
An excellent read with some interesting charts. Should it drop further, around 400 should provide significant support for the HUI. It's worth noting the April US jobs report is released tonight. March was well below expectations. Should we have another bad jobs report tonight, better than a 50% chance imo, it is possible gold might respond with a significant bounce.