First off, I think gold at 5000 is up there with the prediction I heard on late nite radio a few yrs back that aliens would land on the white house lawn and have a press conference with Clinton. I'll believe it when I see it, not holding my breath.
Second, I have been spanked by Mr Market this week, have sold some positions (usually due to stop losses) and have some cash waiting till the waters calm. I have not sold KXL, in fact bought more today. I love the book on tycoon Jesse Livermore "How to Trade in Stocks", and remembered that he said that if a stock was acting right, he would hold it through a normal reaction (correction). He also said that most investors hope when they should fear, feel fear when they should hope. KXL's chart shows a normal correction, the trend is still upward, news coming out. I think we should be hopeful. The stock is acting normally, and is where it was 2 days ago or so.
I am also comforted on KXL by thinking back to the summer when a NR came out talking about great gold potential at Herc. I'd have to look back, but I think the market, and most of us, yawned.
I think the Sleeping Giant MAY be a big thing. Why would they drill a nickle target on a gold property that has so much potential otherwise? I also remember posters on SH talk about Mr Phelps adressing the shareholders stating that they were working hard to increase shareholder value. I think this is one of those things, and may be a subtle signal to us that there is more good things to come.
This week has been a bit of a gut check for me, but not my KXL! Onwards and upwards, and happy capitalism!