DUST took an accelerated hit in the last 30 minutes. Turnabout being fair play and all that…

Things are getting pretty hysterical in gold miner land.

Well, at least it looks like a reversal in the gold stocks. Right at the 220 measurement too. Now we enter the realm of ‘Real or Memorex?’, bounce or rally resumption?

Everyone has been calling for a bottom in Gold the last year. But the fact is that gold and gold stocks are still clearly in a bear market. Just look at the 200 day moving averages. The previous trends were down and prices have been moving sideways for the past year.