xgd solid bounce, page-81

Woteva: Face it, gold shares have been the worst perfomers on the ASX. Can you not acknowledge that?

I haven't said anything to the contrary (so of course I acknowledge they've had poor performance). And I agree with you that if US$ Gold went to $1200 with AUD Gold remaining around AUD$1600 our Gold Stocks would be hammered (from my experience they tend to ignore the local Gold price).

Can you acknowledge that relative to the price of Gold, Gold stocks are now the most undervalued they've been since the 2008 panic lows? So if your expected decline in Gold doesn't pan out then they are likely to see a very solid bounce like they did out of the 2008 lows?