"Now Is A Good Time" To Buy Gold - Fidelity

"I believe that now is a good time to take advantage of the negative sentiment short-term trading sentiment", Wickwire said as reported by the Bullion Desk... as many as 40% of mining companies cannot turn a profit with prices below $1250. We can extrapolate therefore that if prices do not rise from where they now languish ($1163) many mining companies will fold. This would lead to a supply crunch and consequent rising prices.''