Shak, It will probably do both mate. I tend to think that it will go down to around .36 first, not too far below where it's been this week, before going above. If that is wrong, well good call by you but the golds I do hold will probably go up more in proportion. Quite a few golds seem to be ST buys ATM, based just on chart action. Nor do they have a mine under C&M.
Just another opinion, no criticism intended.
pmd
SLR Price at posting:
43.5¢ Sentiment: ST Sell Disclosure: Not Held