RE:RE:Correction was short lived as Basel3 looms..I think there will be a lot of shuffling on the comex contracts in the coming weeks as the bullion banks attempt to cover their positions.
I am sure they are building their strategy as we speak. I expect a lot of volatility but probably all around the current price. $1900 is a great price for a low cost producer like KNT. It is quite likely that bullion banks will shift some money into the good gold plays as some coverage for Comex losses.
Lets see how it plays out but I would not be selling any gold plays for a number of years.