Sadly, this analysis did not sit too well with "Ranting" Andy Hoffman, marketing man and manipulation guru extraordinaire at precious metals dealer Miles Franklin. Rather than critique my analysis, he resorted to personal attacks in a lengthy rant. When someone attacks you personally, it's probably because you are right. Moreover, he didn't even read the entire article because he made numerous errors in reference to its content. Before I get to the larger point, let me correct some of his errors.
First of all, he assumes I'm implying that the gold stocks would not decline given a decline in the price of Gold. This is totally absurd. I noted: There is very strong support sitting right below the summer lows. Here is that same chart which shows the downside potential to that major support.
Read more on http://etfdailynews.com/2013/11/14/fanatical-gold-bugs-losing-sanity/