Gold and Gold Stocks -- A Meaningful Reversal?

``The mainstream financial press is still busy penning obituaries on gold, which is generally a good sign... A playable rally should be widely disbelieved in its early stages. According to the article we have linked to "many still don't see a bottom", but in terms of major non-dollar currencies it has of course occurred a few years ago already. In numerous EM currencies gold has in fact attained new all time highs, but even priced in major developed market currencies the performance of the gold price continues to diverge significantly from that in USD terms.''