Fundamentally you are right the gold price should be much higher. Technically gold was due for a correction. The timing may be a little suspect but in the long run a correction is a good thing. If the price spikes to quickly it can signal the final blow off phase. Bull markets climb a wall of worry. After this correction I would suspect that a lot of the juniors that have been missing out will participate in the next run up. With oil steady and gold continuing up the fundamentals are improving. Companies with large reserves (buy out candidates) and small or near term producers are my favorites.

Aru is still my largest position by far.