All moves are exaggerated in anything - currency, oil, gold, hyped stocks like the SIRI's of the world...hence it follows that any target or band we are looking at may be overshot. Will be watching the basket of pm's but what makes most sense to me right now is GLD (in spite of my usual reservations on ETF's)
I saw the bid/ask spread open up to 1$ from the normal .50 and then look out below. Gold already tested it's breakout level at 435, maybe another 2 bucks to 433 but this should be what the shares need to get them out of their funk. There must be a bright side!