Speaking of guru'sI'll take my cue from Larry Berman as he's been bang-on on gold. He said six months ago when there was a strong bounce in gold stocks that there would be one more leg down. Which, I believe, is now happening. Last week on BNN, he stated he's started to acquirie gold stocks although he thinks gold could test the $1000 mark. Like most investment experts will tell you, it's almost impossible to buy at the exact bottom, so buy when you think the bottom is getting close.
Also liked his comments that gold can't stay below 1200 for long because the economics of supply and demand would kick in. He stated that over half of today's producers can't make a profit at that level. Out of all the pros and cons I've heard about gold, I liked his logic the best. He's not a gold bug, but he understands market fundamentals as well as anybody out there.