http://www.grandich.com/2011/01/update-27/

Gold ($1,347) – It’s been a very long time since I changed my percentages on gold holdings but I’m now boosting the minimum from 10% to 25%. The $1,325 area is major support and total risk IMHO is a test of the 200-Day M.A. around $1,275. With $75 downside risk and $650+ ultimate upside potential, I think it’s time to be aggressive again in physical gold.

The chart above shows how well the mother of all gold bull markets has been while doubling in price with much of the world either hating gold or drawing a line in the sand saying it’s rise was over. They were all proven wrong and so shall they be again IMHO. My target is $1,500+ for 2011.

I love days like today. I see opportunity to pick up some cheap shares.

Physical gold demand has remained strong. The world needs another 100 trillion in credit to keep the system afloat. The PM sector has worked off its over enthusiasm and there are now a lot of bears. I prefer to buy when no one else wants to.

Alf field has published an update at

http://jsmineset.com/2011/01/18/a-note-from-alf-fields/

I don't usually follow elliot wave but he has been very accurate all the way from $250.