gold stocks time to buy into selloff

Spot gold price is up $2.50 atm from NY close last night.
With nickel down to $27.000 a ton and copper and zinc well down, Gold and silver will probably be the commodities to have exposure to.

We have a unique situation atm with a sudden global credit squeeze on. Sub prime mortgages int the U.S. started this and the flow on affect is far greater than most expected.
With the US Govt, the EU, and this morning the Oz reserve bank, adding liquidity to the financial market is all good news for gold. It may take a few days for this to be reflected in the gold price but IMO this will turn out to be the trigger to send gold and silver prices to new highs. Gold, as always, is the safe haven in uncertain times. Last night's selldown was probably due to institutions getting out of both long and short positions to cash up and await new entry points.
Gold stocks will lag by a few days as the overall market volatility keeps investors on the sidelines, but not for long.
2 worth looking at are Goldstar [GDR] and Kingsgate [KCN]. Both have made sigificant announcements with KCN's presentation at the Diggers and Dealers conference/drinkfest in Kalgoorlie exciting the market yesterday.
Have a read of the announcements by both the above.
Buy into the selloff today if you also believe gold is set to run.