gold: is it invincible? (hubbartt), page-4

Hubbartt is my favourite, him and Stewart Thomson, see here:

http://www.321gold.com/editorials/thomson_s/thomson_s_081611.html


Buying gold stocks here and now on any and all weakness, instead of the Dow, is one of the few ?no brainers? that occur in the market on the rarest of occasions. I don?t buy into the ?it?s 2008 again? story. Nor do I buy the ?if the Dow falls, gold stocks will fall harder!? story.

This is a new stage of the crisis, and it is the stage of gold stock price appreciation. The only question is, are you onside? Gold stocks could probably withstand a $400 an ounce drop in the price of gold, with only limited damage to the stocks themselves, at this point in time. The absolute level of the gold price is slowly putting a floor under possible damage to the stocks.