will gold shares hold up when market drops?, page-17

The last panic was caused by the Lehman's collapse & subsequent credit crisis. The credit crisis has now abated & a little bit of normality has returned. Stocks overshot to the underside & have now become fair value (imo). Markets will no doubt be volatile for some time, but I don't think we'll see wholesale liquidation like what we saw late last year. Imo, gold (& gold stocks) will hold up in that scenario. I also don't see the US$ collapsing just yet, although that is a possibilty further down the line. The sad fact is that nearly all the major currencies are in a similar boat.