RE:I am gold..the new dog in the gold sectorI disagree... When gold gets back up to $1400 IMG will actually do very well. It's all about the POG now. If the 1180 is the bottom which seems likely then $1400 should be hit within the next month and a half or so. If we go lower... Well then we'll just have to sit tight and accumulate more on drops. Gold has been beaten up way too much over the past three years.
This correction is almost surely over especially since everyone is so extremely bearish. If it does drop it's not going to 1000-1050 like Goldman Sachs and the mainstream media say it will. They're always wrong. They said gold was going to 100 back in 2000 when it was at 250, they said sell gold all the way up from 250 to 1800 and then they said buy when it was within 10% of its top... They're screaming sell at the top of there lungs so why not buy??