And it's the juniors he thinks are setting up for a big run.
Last week I was giving Bob Moriarity, founder of 321Gold, credit for warning about the potential for a sharp downward correction in the Precious Metals. He was absolutely dead-on right!
So I have to pay attention, even though I know he harbors a bias toward small-cap gold stocks, when he writes about an impending explosion in gold juniors dead ahead.
http://www.321gold.com/editorials/moriarty/moriarty032408.html
Look at the big picture XAU over Gold chart he presents. It is like a price-earnings ratio, showing the relative bullishness or bearishness of the market toward gold stocks in relation to bullion.
Michael