get set for the $1000 party, page-49

It's almost as if we are getting back to "normal". Gold stocks were beaten down to ridiculous levels and some are still at those crazy levels. They are gradually being re-rated. Gold may conceivably get back to where it was a year or so ago in Australian dollars when Australian gold shares were significantly higher than they are today! I'm also waiting to move back in. I want to see if the rise I have experienced consolidates. I'm probably part of the herd waiting for gold to go decisively above $US1,000 an ounce. I was about to put in a buy order this morning but hesitated. I might wait a day or two.
I sill think gold will go to a thousand by week's end. It hasn't passed through it easily. It may be that a good deal of the profit taking is happening before it gets to a thousand rather than after and when, or perhaps if, it passes that barrier it may not immediately correct. We'll know in a day or two I suppose.