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Message: I Smell Toast

I Smell Toast

posted on Nov 11, 2009 03:33PM

This is getting really interesting. The divergence between the pog and the gold stocks is intensifying. Conventional wisdom suggests that the price of the gold stocks precedes the price of gold,anticipation as it were. However that is not a rule that is never broken. Given the financial health of the greenback it is hard to image it having any kind of meaningful rally at this point,no matter how much the politico's try to jawbone it up...and if it doesn't go up you would have to think that San in particular is going to be a huge winner under these circumstances. Remember time is more important than price. Buckle up and enjoy the ride!

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