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To: The Ox who wrote (1794)	4/12/2013 8:58:01 AM
From: The Ox	Read Replies (2) \| Respond to of 8248

Gold's couple day rally didn't last long, to say the least! Quite a few are hitting 52 week lows this morning in the pre-market. I found it very interesting that Goldman was calling for shorting the metal during this time where North Korea is saber rattling. I know the odds are small that NK will actually do something truly crazy. If they did, however, and considering the size of the short positions in many gold stocks (and the metal itself), I can only begin to imagine the ballistic charts that would be produced!! I find it curious that the theme from a number of the firms calling for shorting gold is that our economic concerns for further weakness in the global economy have passed. In many fundamental ways, I agree with this premise. At the same time, with the money printing going on all across the globe, specifically by the US and Japan, it seems odd timing to make the call to dump the yellow metal. We'll see how it plays out. Many of the gold miners are looking extremely attractive based on the production costs, debt to asset levels and so on. At the same time, they are falling knives. Until there are clear changes in trend (and not 1 week reversals), it's wise to watch and wait. JMO TO