gold has jumped us$82.00!!, page-55

Long term holders of gold and gold stocks know that now is the time to be accumulating both gold and gold stocks.

I heavily favour gold stocks here after the recent oversell.

Second too that, if the $1550 level proves to be the new floor price for gold in the medium term (2 years), we should start seeing a re rating for the gold mining sector , as analysts start to feel much more comfortable with entering in some higher figures into their pricing models.

A higher move and close back over the $1700 this week is undoubtedly bullish for gold and more so , gold stocks.

Downside , would be a drop below $1500. Alarm bells should start ringing if 1500 is breached , as the downtrend looks set to continue. Abandon ship will be the cry !

Physical buying looks way too strong for any such move and is seasonally supported right now .

DYOR , best of luck.