Some perspective., page-21

What we have here is a V shaped recovery.... GOR was extremely oversold and then the gold price went into overdrive.
Personally, l think the price will at worst hold this level but l am inclined to think it will keep improving. The thing which grabs my attention is the on balance volume... it has returned to its long term level and l doubt the 10% daily gains will continue. Anything above $1.50 will meet with some profit taking...imo.
The only thing which would alter that is if the gold price continues rising with the same momentum we have seen recently. I think longer term gold will go higher... but in the short term the money flows might start moving back into some of the better beaten down stocks. I think that because the pressure seems to be coming off the $US which would mean the rescue response is starting to work. If it produces a rally then the gold stocks will see profit taking and money will be cycled into other things.