Its official imo we are in a the early stages of a major gold boom that will only get stronger as gold attempts to move higher, just have to take a look around from spec stocks to majors significant gains have taken place the last month, some will say stocks are just bouncing off oversold levels though thats not the case when you look accross the board seeing "gold stocks" at 100%+ gains already, if you take the uranium & iron boom for examples they show what serious money can be made by investing in the right stocks early, 10 - 20+ times curent prices is not over the top when a boom starts, most media is bullish pumping gold is the place to be, gold is a safe haven in current global downturn etc... , many will see recent gains as they have had there run & will not invest at current levels they will wait for a pull back, likely case they will be the same ones chasing a entry even higher when the boom starts to build more aggresively.
Specs to Majors from lows to current level:
NCM - $16.55 LOW - NOW $33.91
LGL - $1.52 LOW - NOW $3.09
AXM - $0.20 LOW - NOW $0.47
NAV - $0.11 LOW - NOW $0.265
IGR - $0.10 LOW - NOW $0.185
ORP - $0.011 LOW - NOW $0.03
EXM - $0.005 LOW - NOW $0.013
PRE - $0.005 LOW - NOW $0.01
MCO - $0.08 LOW - NOW $0.145
CTO - $0.15 LOW - NOW $0.33
SBM - $0.18 LOW - NOW $0.32
MDL - $0.28 LOW - NOW $0.675
RMS - $0.38 LOW - NOW $0.69
MUN - $0.10 LOW - NOW $0.23
As you can see money has already been made from punters jumping on serious oversold quality gold stories, will this be it? far from it imo, most of these stocks are way below fair value due to the current downturn, so most have room to move significantly higher, once gold breaks through $1000 the boom will accelerate & gold stocks will begin to double, tripple & more very quickly as those not set rush to take positions, if you need a good example of what a boom can do to the share prices as said look at the iron ore & uranium stocks 2006/2007/2008, its all about getting in early & being out before the bubble bursts, last thing you want is to be the one paying 10 times current price to see the boom end & your wealth dissapear, imo its time to be set, the gold boom has shown signs its in its early stages & should only get stronger from here.
