Parrot's point is salient.....in the immediate past. What...

Parrot's point is salient.....in the immediate past. What concerns me is the immediate present and future.

Sure, gold bullion might go to $US1040 and beyond but at the moment that's not translating into concommitant appreciation in gold stocks, which is what most of us own for sheer leverage to the gold price.

I mean, people, the $US on the index at the moment is 78.8; bullion is holding $US950, and NCM is trading under $A31 while LGL continues it's downhill slide ever so slowly.

And the tragedy is that while gold stocks have underperformed while bullion appreciates history has shown if $US943 support collapses you can expect more of the same.

Face it, at the moment you'd rather be in iron ore!!!