With gold stocks getting dragged upward by the gold price and...

With gold stocks getting dragged upward by the gold price and the current geopolitical situation, i spent much of last week rejigging my portfolio to a more defensive setup, including more gold stocks.

I found that i was struggling to classify my crusader holdings. How would you classify its exposure to the gold price? Its definitely still a speccy i have no problem seeing that. Is it more akin to holding an asset (which is obviously gold). I like to think that when the takeover starts getting to the pointy end (late sept/early oct according to announcement), when stratex goes to raise capital for this we might get a bit of a frenzy of interest due to the geopolitical situation and gold price strength. May luck into a sweet spot with timing. But experience has taught me that rose coloured glasses are dangerous and its never that easy. The only thing that really worries me is if that perhaps im looking at this the wrong way and at this point in time the takeover should be the only thing in the spotlight and market weakness and/or geopolitical events may actually cause negative impacts to the takeover and our share price.

Any thoughts would be appreciated.

cheers