Hello Cedar, I did protect my shares and they were in a Scottrade 401K rollover account. Am still here and have not sold any yet. Am financially hurting and will have to start selling soon. Took a $10 per hr job and working 60 hrs wk. Jobs are few and far between here and must take what I can get.

Dont know really what to think about the change in strategy of KXL. Realize something has to change or there will be blood. I think if they start mining they will find more gold. Hope that the Uranium could be a bonus or visa versa. Seems like we have been riding this horse for a long time with blinders on and gold fever. Still looks like another 2 yrs before our patiece is rewarded or some good hits would change things. If gold does like some predict nothing would have to change and their land holdings would increase share price.

the news letter service had anotherGet Ready to Buy Gold
By Jeff Clark

The guilt associated with my strict Catholic upbringing has finally gotten the better of me... and I have to confess.

You see, last week, I warned you gold and gold stocks were on the verge of a selloff. But I didn't tell you the whole story.

In my defense, the whole story likely would have prevented you from acting on what I wrote. My intent was to point out the risk of buying into the gold stocks amidst such euphoria and to suggest there may be some fast profits to be made by betting on the downside.

Gold and gold stocks are much lower now than they were last week. And if you took my advice, you're happier today than you otherwise would be. (In fact, my S&A Short Report subscribers pocketed up to 100% gains on the short gold trade I wrote about last week).

---------- Advertisement ----------
The Government's Secret Bailout

$800 billion to bail out a few banks? Peanuts. The real boondoggle has been going on under our noses for the last 44 years...

A $1 trillion A YEAR government giveaway that's making a small group of companies (and their investors) rich.

Click here for the full story.
-----------------------------------

But here's the BIG story...

Gold and gold stocks will be HUGE winners this year. Last week's selloff in gold is consistent with the chart I shared with you last week. But it's not consistent with the big picture.

Here's an updated version of last week's chart, which shows the ratio of gold mining stocks (GDX) to gold (GLD)...

As you can see, the ratio broke down from the bearish rising-wedge pattern and generated a sell signal. So the path of least resistance is now lower.

However, here's a look at the big picture of this ratio...

As you can see from this long-term chart, the ratio of gold stocks to gold typically trends between 0.45 and 0.70. At the current reading of 0.35, gold stocks are cheap relative to the metal.

So this long-term chart is at odds with the short-term chart. Gold stocks are historically cheap relative to the metal itself. But are they cheap enough to justify buying them right now?

Not yet.

Here's what I'm looking for...

Gold has support at about $890 per ounce, and it has extreme long-term support at $823. I'm willing to nibble on the gold stocks if the metal drops slightly below $900. And I'm willing to buy heavily if gold drops closer to $800 per ounce.

Yes, You Can Time the Gold Market This Trade Is Better Than Gold

This year will be the year of the precious-metals stocks. The sell signal generated last week gave us nice gains on the short side. The really BIG profits, however, will happen on the next buy signal.

Best regards and good trading,

Jeff Clark

gold article