re: gold worth $1,747.50/oz - to brucerob
in feel that most of the mid cap gold stocks eg OXR, CRS, EMP are all trading sideways. It is dissapointing to see trading ranges still about while gold cracked through $400 /oz. This to me is psychological. While recently most gold stocks were @ 10% higher than they are currently trading while gold was approx $390 /oz. The latest trading ranges to me are possibly negative. I see that if gold does fall back below the strong resistance of $401.1 and close below it, we will see down side trading ranges tested strongly. Saying this, while sticking to high quality stocks such as CRS and OXR, i feel comfortable knowing that my finger is on the pulse when it comes to trading gold futures. CRS though has a strong cemented base around the 2 ranges you gave Bruce. Though i havnt yet traded this trading range it may be well worth while as long as you do have regular bids at a lower gold price while trading the gold futures market.
