whats wrong with asx gold stocks, page-12

Interesting post, rabbitoh. Platinum and silver are much further down. It's surprising in a way that gold has managed to maintain these levels especially with all the deleveraging going on in the USA currently. There are probably two major forces at work pulling in opposite directions. Hedge funds etc are trying to raise cash desperately. Many others are equally desperately trying to find a safe haven for their money.
In the meantime time it's Divali in India and they will continue to buy gold especially at these prices. Mints are also working overtime producing coins and ingots. Oil prices have halved, cutting costs for miners.
Demand for gold itself has not diminished and will likely accelerate with a lower price. More gold will be mined and very profitably for Australian miners with gold staying substantially over $A1000 an ounce.
Whilst gold shares have dropped, many juniors have added to their reserves in the past 12 months and gold in Australian dollar terms is much higher than this time last year. Clearly any way you look at them, Australian juniors in particular are considerably better value than they were this time last year. We were buying happily when their gold in the ground was valued at around $70 an ounce. Now they have more gold and it is valued at a miserly $20 or so an ounce we should be even more inclined to buy their shares!
Patience is the order of the day!