And now the exhaustion phase can begin ..Just read Jim's site commenting about gold holding up well but a bear in shares.It looks to me like people won't put new money in and they now sell every rally.It will also take a much higher price before new money will enter.This is called the exhaustion phase, where no matter what gold analysts write,the market ignores them.Until the average investor enters,most gold stocks wont being going anywhere,so why rush?
The average gold bug no longer sees any reason to run out and buy,he can just wait till later.For 3 years they promised the second wave,and the little boy(gold analysts) cried wolf one time too many.