$4 Bucks be Xmas, page-3

Sure is amazing and all on no news.

HUI Gold ratio looks like it has made its bottom (as I've posted before) but its not yet showing signs consistent with the start of a long-run breakout. I'd want to see it above 0.15 at minimum before I get too excited. The prices of most Australian gold producers all seem to have shot out of the gate. Maybe they were all so trodden down in the first place and the market has just caught up and is adjusting values based on new $A gold price fundamentals and profitabilities or maybe its just acting irrationally as it seems to do at times. Let's hope the former hypothesis is correct and the gains we've seen across the gold boards hold. If we are starting a new bull run in gold then we should be thinking in terms of years and not months if we want to maximise our profits from it. If its not a real breakout then we should be more nimble in our actions. At the moment its wait and see for me. Eshmun