Barz,
I definitely like the way JPMorgan thinks. I'm banking on that very same thought process!! 2008 futures are still well above 800 for most of the year:
http://futuresource.quote.com/quotes/quotes.jsp?s=GC&t=future%2Cindex%2Cforex
So long as the futures can "hang tough" I have no doubt that what JP says will indeed play itself out, especially for the small players like CSG. But I'm NOT going to hold my breath either. This market may very well test our patience to the limit first. (Hence I plan on cost averaging down if it stays down at these levels long enough to allow for me to reload my guns some more.)
Nice posts.
My2cents