And then there's this from one of the more respected Gold...

And then there's this from one of the more respected Gold analysts who is bullish on the yellow metal long term but not so in the short term.
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http://www.**promotion blocked**.co...4-Gold-Rebounds-but-Gold-Miners-Struggle.html

'Meanwhile, the HUI Gold Bugs index has already broken to new lows. It has declined eight straight weeks and could close at a new low today. In the chart we plot the HUI’s distance from its 200-day exponential moving average. The current reading is 18%. Major oversold readings can surpass 30%. The HUI can become much more oversold before it puts in a final bottom. Its trading at 185 and there isn’t strong support until the 155 to 168 range.

Gold has rallied as much as $70 but the action in Silver and the miners, the speculative components of the sector is very worrisome. It is reminiscent of the autumn of 2008 but to a smaller degree. The mining stocks lead the metal at key turning points and their recent performance continues to warn that the worst may not be over. The sector remains oversold but very vulnerable. The reprieve we wrote about two weeks ago could continue for a few more weeks or it could be ending now. In any event, please protect yourself. While we are at the tail end of a bear market, the miners could decline another 20% before the final low. If the sector declines 20% then certain stocks could decline more. Please stand aside for the time being. I see a potential lifetime buying opportunity emerging in the months ahead.'