Hi Wod. Yes, the fundamentals for gold seem to have changed....

Hi Wod. Yes, the fundamentals for gold seem to have changed. With such a strong dow performance over the past days, gold would previously have taken a beating. This hasn't happened probably because the $US remains weak. Gold remains strong, above both its 50 and 200 day MAs. I still say we are at the beginning of a long secular bull run for gold. All the technicals so far support this contention. Many people are wary of gold stocks having been burnt so many times by them and are yet to wake up to the realities of gold. This is typical of early bull runs. As Russell says they like to take as few investors as possible with them...
AnnaP