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To: Rarebird who wrote (3948)	3/31/2009 5:22:11 AM
From: Real Man	Respond to of 26251

Fundamentals for gold stocks are really strong with gold/oil ratio so high. 1Q profits for gold mining companies should be enormous. Of course, maybe gold stocks are predicting something, but their price level certainly is not reflecting fundamentals that are in place today, especially since gold made new highs in many currencies where mining is located. Unlike most other stocks, for gold stock their price dropped while fundamentals improved.

To: Rarebird who wrote (3948)	3/31/2009 9:58:07 AM
From: Real Man	Read Replies (1) \| Respond to of 26251

I did sell some 20% of my gold stocks long term positions in March, to convert to cash. Not hedging any more. Letting the rest ride through possible Summer rough waters. They are off the accounts. The gold market is scheduled to begin the mania phase some time this year or next. Maybe the dump will be severe, maybe not. The gold market has become very unpredictable due to the presence of long term investors, as the normal jewelry demand rules no longer apply, which screws up normal gold seasonal cycles. I certainly applaud if you can time that market correctly.