RE: RE: Duh
Gold is still in what I would call a "traders and pros" market - meaning the institutional money that must be invested (eg. pensions, mutual funds) has some involvement, there are the old school players like me and most of the individuals who have inhabited the junior world for years - maybe a good screening question might be "have you ever subscribed to or read the Northern Miner, or a stock letter specializing in junior mining stocks", and there are the hedge fund types, and the then the BP quick trade McGraw's who peck around the edges on a constant basis.
There is nothing in the gold bull market that has yet revealed massive public participation and interest. We have seen the "sell your scrap gold" TV commercials ... but not the "get your American Eagles here" very often.
After the 2000 dot.com meltdown, then the 2008 commodities/Lehman/everything crap-out, the gold bull really has climbed a wall of constant worry.
If the world economy begins to pick up steam, and governments and individuals use that supposed prosperity to yet further increase debt levels, leading to the greatest fragility and financial imbalance we have ever seen, then you are going to see the bull charge and when US treasuries begin to offer higher spreads and the dollar begins to swoon - to the moon. A campaign of continued accumulation of gold and gold stocks on the dips seems like a winner to me.
Caveat - the frickin' wall o' worry includes the possibility of the DOW sliding into the ditch yet again and creating a liquidity vacuum that will make most shareholders of all equities very unhappy. THAT keeps me tossing and turning at night.
Interesting times indeed.
CG