Nup crash territory for DJIA , asx financials-property -20-30% end of may all equities bottom in October, including gold stocks then decouple may-june with gold rising steadily along with gold producers with juniors getting their lift somehwere after the producers.
at the moment im "all in" oils (elk) and ags (mak,rwd), oil for some unknown reason has a habit of following gold about 6-9mths behind
we may get a bit of sideways action on gold after may after the correction, golds got a habit of big moves, then sideways waiting for another big move
the gold stock buying mid year will will be exceptional value
all bets are off if gold significantly breaks 1050 then its pile on time because it will be the signal of a very very big move upwards, so if we dont get the correction and it does break 1050 get on it :) till then im watching on the sidelines
but its a wait a see exercise there is talk of Bush attacking Iran mid year, if something like that occurs then gold will break its technical picture and head upwards
so all thoughts based on current geopolitical outlook
