gold stocks indicate a bottom

Robert Fitzwilson of the Portola Group has written for KWN today, saying that the attempt to buy Osisko Mining and Allied Nevada last week, at artificially depressed prices signals the final phase in the current washout.

His chart presenting GLD vs HUI indicates the huge disparity of gold - up 165% over the last 10 years, and gold shares of major mining companies - down about 12%!

He goes on to observe that gold miners moves so far this year have outperformed even the well-performing Industrial stock indicies. Action he says very typical of a bottom.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/15_The_Great_Western_Gold_Robbery_Is_About_To_End.html

Ok lets observe the Australian situation for comparison. The main Aussie index ASX200 is down over 1% so far this year and the major gold miners - ok Newcrest, is up over 8%!