gold has jumped us$82.00!!, page-23

thanks for your views, Goodoh. Especially about the volume selling today. I'll check it out, maybe capitulation?

Poster 'cfdch1' reminded us a few weeks ago that some of the cashed up, debt-free junior producers were already sitting at single digit PE's at that time (far cry from 2008).

Regarding gold, I'm encouraged by what I see on comex. In July 08 the bullion banks piled on shorts before the crunch... but we haven't seen that prior to this sell off.

I expect to see major short covering this weekend, and a bottom close at hand... but I could be wrong of course.