Den lege ich noch rein zum Abschluss,
I see gold trading as high as $1,711.00 by this time next year and that is the same target I had three months ago. The reason for the rise is not important. What is important is that gold is going higher, as measured in any currency, and if you want to protect your wealth, you'd better own some. If fact, you'd better buy a lot.
One final word about gold stocks. I am not a lover of gold stocks and have reduced my position in half, but they broke out as well today. I just see too many problems. About one-third of a miner's costs are related to energy, and the price of energy has literally gone through the roof. Aside from that you have increased labor costs and never-ending interference from governments and environmentalists.
I much prefer futures contracts or physical gold....... wie Milly !
Then you have the issue of the declining Dow and just how much of a drag it will be on the HUI. With the 50-dma now below the 200-dma, you have a much weaker chart than with gold or silver. My best advice is to use any significant rally in the HUI to get out of gold stocks. Stocks in general are not a good place to be and that won't change any time soon. Personally, I would not be afraid to buy gold and silver on a weekly or monthly basis because you can't go wrong over time. Gold stocks don't give me that same comfort level. 
-Enrico Orlandini
...Thanks
