My concern is that the gold stocks have turned right in line with the ASX as a whole...
It seems to me that the market rally at the moment is very likely a bear market bounce... and talk on the wires is that it is already getting ahead of itself given the woeful data that is to come in 09.
So two questions... are gold stocks just enjoying a general market bounce that has little to do with their fundamentals (after all - many were sold down with little to do with their fundamentals)?
And if so - what are the prospects for this current rally? If gold stocks are tied to the general rally - then my call is that we need to be really careful in picking the end to that rally... and perhaps we'd gain by looking at the index as a whole.
