anyone else sick of this?, page-36

Rabbitoh

The whole thing has me puzzled. A lot of posters trying to rationalise it as the strong aussie dollar offsetting the increasing USD POG, but in reality, the US gold stocks are also falling.

I knew we were going to have a bad today because I saw what Barrick, Newmont, Goldcorp and Kinross did overnight- either fell or went up marginally.

My own view is that Gold is a sentiment play for most. Whilst we gold bugs take a fundemantalist approach to investing in gold stocks, most are traders looking for a momentum play. As soon as they think the stock market, or resources sector is a bit shakey, they bail.

If this is true, then now is a great buying opportunity for us fundamentalists. Just need to be patient.