positive outlook on down day, page-13

Remember the shake-out in August and how quickly it bounced.

CQT's resource has increased by c$500m just with the run up in gold price from $650 to $870. Instead of the price going up, it's been sold down due to small volume / weak hands. Now we're probably going to have a resource upgrade in a 2 week timeframe plus a massive rate cut end of June that can only send gold northwards.

I've never been more optimistic and feel totally comfortable seeing panicked sellers (probably covering margin calls) - it can only be healthy for the next run up.