No doubt apart from LGL NCM & a couple of others which have risen aussie gold stocks will eventually get some support. Time to get a few at bargain prices.
http://www.zealllc.com/2008/huipanic.htm
in part
Since the sheer irrationality of the gold-stock panic is one crucial foundational plank for gold stocks’ hyper-bullish case today, we have to start with some panic analysis. If you don’t understand exactly what happened in the panic and how crazy things got, you can’t understand why gold stocks are screaming buys now. With some long-term perspective on the HUI’s relationship with gold, this becomes very clear.