How Gold and Silver stocks will behave in new Bear Leg down in Nasdaq?

Just look at this chart: after initial sell off Goldies were quick on recovery path and outpaced Nasdaq during correction and following rebound. All it happen on the face of continuous Fed rate cuts:

http://finance.yahoo.com/charts#chart1:symbol=^hui;range=20000228,20070226;compare=^ixic;indicator=volume;charttype=line;crosshair=on;logscale=on;source=undefined

This old post is still valid:

http://sufiy.blogspot.com/2007_02_01_archive.html