I talk to some very smart economists (yes, they normally get it all wrong) who all tell me that things in the US and EU will get uggly pretty soon. But Benke and ECB have been doing magical things and amazed/inflated the market. No one knows how they will get out of this mess(share and bond)bubles.
Obama and his bankers who received the bailouts want the market to go up and gold down but this game will end up really bad.
Anyway, that's all to say I am still bullish on gold.
Unfortunately gold miners stock haven't followed the price of gold on the way up but is been hit really hard on the way down. That upsets me a bit because they should had presented better results. Full stop.
I am happier buying SAR at this price than CBA or TLS. But I think if you are out is safe to wait for better indicators on the goldies. Or go for broke like I have been doing. Hurts a bit now and then but we will see.
SAR Price at posting:
32.6¢ Sentiment: ST Buy Disclosure: Held
