Newcrest Mining is rising very fast. But the gold stocks could go much higher, with prices moving up.
The U.S. can either:
1) Repudiate their massive debt
2) Work with other central banks for a controlled devaluation of the $US
3) Simply print their way out of it.
Any/all are good for Gold!
This is very understandable with the systematic devaluation of the dollar by the Fed perpetuated by the verbage in yesterday's minutes that the interest rate rise was nearing its end. By the end of March they'll be able to devalue it as much as they want without anyone knowing since M3 will no longer be reported.
Gold news was markedly silent when the price backed off somewhat the past month. Interesting that we hear of gold when it has risen in price today, but hardly ever otherwise, and hardly ever the day before it rises, which would be when the news might do some actual good.
"Gold ready to crash?"
http://www.freerepublic.com/focus/f-news/1641771/posts?q=1&&page=251
bump