The problem is Rabbitoh, it's not just physical gold that is attacked, leading gold shares are also sold down to dampen sentiment imo.
This attack on many leading gold shares has imo accompanied the rise in gold above US$900.
If the gold sector leaders aren't running it's going to be tough going for the juniors plus if the gold sector leaders aren't running the average investor will stay well clear of gold shares.
Can you imagine what would be happening if this general stock market correction was accompanied by a very sharp rise in the price of gold shares?
It would develop a momentum of its own as investors everywhere got out of their underperforming financials, retailers etc. and bought gold shares.
Also have a look at the way platinum is soaring.
That's because there's no organised group out there that has as its sole intention the smashing of the platinum price at key technical levels.
gold rising in all currencies ... willie, page-40
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