Markets often act contrary to expectations.I would rather focus...

Markets often act contrary to expectations.

I would rather focus on the long term outlook for gold and precious metals - and that trend, for a multiplicity of reasons that do not include the Iraqi war scenario, is assuredly up.

Many gold shares have passed from weak hands to stronger hands of late and the next run up in the POG could well see gold shares play "catch up" and even outpace, in percentage terms, and rise in the POG.

Exciting times are ahead for diehard goldbugs who have remained steadfast.