RE: 1st quaterThere hasn't been any bad news out of Tulawaka such as strike or flood. This would be public information to those close to the project and would leak into the market place. Therefore, you can only assume that 1st quarter is going to pretty good based on the POG. The present major correction is just what we needed. Nothing has changed and the gold shorts are likely dancing in the streets. I hope they have fun because it could be their last party for awile. Nothing good as happened and the US financials are worse than ever. I note the Canadian Banks are starting to gloss over their problems as well. RB is divesting themselves from their bad paper to side step law suites. Don't you wonder what poor smucks are going to get stuck with this crap in their mutual fund.
It doesn't matter where or how the financials got the credit to servive, its still credit and has to be paid back from somewhere. Getting it from the FED just means that Joe public gets to pick up the tab for the Wall Street crooks.
If your not building, growing or mining something you haven't created new wealth and are only diluting the present wealth resources by putting it into the hands of crooks and politicians. (I know, there synonyms) No debt. 1/3 gold, 1/3 cash, 1/3 good gold stocks. Now may be the time to start looking at moving some of that cash into the pepressed gold stocks.