Indeed Hans Brix's latest IDC chart reminds me of a loaded...

Indeed Hans Brix's latest IDC chart reminds me of a loaded spring coil.

To which direction it pops? Either way, we're gonna know pretty soon IMO.

Some interesting new developments already this week. On a day where the XAO loses 2% and by most reports due to the Cypriot crisis headlines, IDC does the opposite & closes up 3% and more importantly closed above $0.099 for the first time in 2 weeks (yes, the 2012 drill completion ann. and AFR press OTW gave a helping hand IMO).

These events also coincide with the $US spot gold price nudging above US $1600 today (albeit temporarily) & for the first time since Feb 27. If Gold can close above US $1620 this week or soon, then IMO it'll send a clear signal to the shorts that the Golden cat has been set amongst the pigeons, and we could be off to the races (or at least to Race 1 on a full calendar).

What might that do to the IDC SP, especially if the WRZ bonanza results are positive and announced soon? Only time will tell but I dare to dream.

Finally, I draw your attention to an interesting article on current gold stock valuations in the US.

http://www.kitco.com/ind/Hamilton/20130315.html

My views are completely my own and not designed to form advice or influence. DYOR & consult a professional