Chris, I think you're smart not to jump into gold stocks right now. As I'm sure you know, GDX & GDXJ have broken their uptrend, back tested, and appear to be headed for another leg down. I suspect Larry's right - there's going to be a better buying opportunity for gold coming up.

A few weeks ago I noticed the gold stocks were looking tired, but the other metal stocks (and most other commodity stocks) still looked good. Generally, the economically sensitive stuff is still running, while gold is consolidating. Just today, palladium made a new high (along with my long-time PAL). There's no sign that this is going to change anytime soon.