investing cyclewe have to remember we are still in a bear market for gold stocks, even tho they are the best performing profitability sector of the market--BY FAR! The market still hates them. when even majors are trading for peanuts, less than 10x CFPS, and some producing juniors at PE's of less than 5!, and this BEFORE the market falls apart due to Europe, it is obvious we are still in a market cycle bottom (and the bottom just might fall out more due to West's financial woes). i've begun to wonder if we might get a 50% haircut only because of europe trashing the markets of the world. gold might collapse, or it might soar. Never have I been more confused.