re: 588.70 next test is 55c No, I think we have had a...

re: 588.70 next test is 55c No, I think we have had a "cleansing" , alot of margin traders would have done their dough the last six weeks. Most P&L forcasts for mining stocks are using significantly lower average metal prices than we are seeing. The sell-off in commodities seems to have exhausted itself , the rally in gold and especially nickel the last few days is pretty impressive. The USD is the key for gold investors ... it is over-valued, being undermined by US fiscal imprudence and a "we've done enough" stance from the Fed will probably lead to some major weakness vs Yen and Euro. I agree the stockmarket is a risky place to be, but for those who buy gold stocks with good production growth ahead, light hedging , on low P/E's the rewards over the next 18/24 months far outweigh the risk of another 10% correction. PGM's and Silver stocks should do just as well IMHO.

Hold, BSG,BDG,BMO,OXR,SGX,CTO,PLA,MMN ( combined value approx $200k )