Price action in Gold stocks tonight will be telling. If the market thinks the Gold sell-off has been overdone then Gold stocks wont fair too badly. However if the market beleives this is the beginning of the end for Gold then Gold stocks will be smashed.
So far $1525 has held but only just and Gold is bouncing around erratically like its out of control. I can't wait to read what the likes of Jim Sinclair, Peter Schiff, Michael Pento, John Embry, Eric von Greyez, Rick Rule, Eric Sprott, Mike Maloney, etc say about tonights Gold movements. No doubt most will shout manipulation but I wonder whether any of thme will have the courage to admit they were wrong.
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