The central banks attack on gold over the last days has created a great buying opportunity in the XAU stocks.
ANGLO-GOLD IS A BUY BELOW $40, EITHER ON A SHORT TERM OR LONG TERM BASIS.
THESE BUYING OPPORTUNITIES IN GOLD STOCKS OCCUR ALMOST ALWAYS BECAUSE OF CENTRAL BANKS ATTEMPTS TO "SAVE THE DOLLAR" AND AVOID EURO 130!
ALAS, BUT ALL IN VAIN.
The problem with the XAU is that the "snap back" is violent and often a one day affair, although the "bleed" in gold stocks can be multi-day.
Like I say: GOLD STOCKS GO DOWN EVERYDAY, BUT SOMEHOW NEVER REALLY GO DOWN.
ANGLO-GOLD IS A BUY BELOW $40! And, the rest of the XAU is looking good too.
