Those that are afraid of being wrong never get it right.Im not...

Those that are afraid of being wrong never get it right.
Im not going to sit on fence and blow hot air up peoples ass to make them feel good on the off chance that I might be wrong.
Manny analyst get it wrong, but we have seen all the metals take a beating, the global view we are in recovery due to the fact of a stimulas which indicats there is still pessimism within in market.
This indicates that gold is still hot because of pessimism rather than fundamentals. If you allow for a 40% decline in the gold price due to overheating then would AVO be in trouble. Now that dio, is in joint ownership with RMS they just cant milk dio to prop up their own high cost mine. Gold companies vary in vunerablility just like base metals even though driven by different forces, which will result in some of them failing.
I see gold as a defensive stock, and if you agree on that point alone you would also have to conclude that if you take away the agressive element, the downturn which pushes the market towards gold then as we enter a recovery at some point gold prices have to fall.
A great example when all the hedge funds tried to substitute oil for gold as a defensive stock, when the market woke up that it was all speculation it all fell over.