gold has jumped us$82.00!!, page-22

Agree with you rowingboat.
I added some more pru and slr today.

Are we not suppose to buy when there is blood in the street and today I suppose there is blood in the street at least for gold stocks.
Contrarians would have bought with both hands today or load up the truck as some would have put it.
Some of those analysts who have bought last Friday are:
Jim Puplava of financial who did load up on Friday.
Adam Hamilton and I am sure Steward Thomson would have loaded up too.
Though Weiss research has asked their subscribers to wait a little longer.

I cannot resist it so I bought in today though I still have more bullets.
This are the reasons for my buying.

It is likely that gold has bottomed. I do not like to call bottoms but the fear that is exhibited today gives a high probability that gold has bottomed in us dollars.
Technically gold at $1600 is retesting the breakout from the May highs which is normal for any breakout.
The carnage today for gold stocks have reasonable volume meaning those who want to sell has mostly sold. What is left are those die hard holders (goldbugs) like the parrot who may never sell. Soon the buyers will overwhelm the sellers.
If gold price were to stay at today�s prices the goldies would still perforce handsomely compare to last quarter or last year.
The demand for us dollars is temporary pushing the usd index which produce headwind for gold but the euro crisis will be resolved one way (default) or another (printing); after which the focus will be shifting back to the us debt.

Meanwhile I will focus on the probable profit these goldies will be producing in the coming quaterly report.

Cheers