Gold Stocks Watch (09 Oct 2008)

Gold had a good day, if you noticed the gains for each stock is proportionate to its earnings performance in the past.

We are still on course for gold to hit the trendlines, if you wish to go long buy on dips. Some say that it is possible for gold to over shoot the down trend line towards 1020, anything is possible so look at the charts each day

On another scenario, should we arrive in a situation where there is capitulation in the market...be very careful with the gold stocks.