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To: RMP who wrote (1888)	4/14/2013 10:57:06 AM
From: The Ox	Read Replies (1) \| Respond to of 8288

Gold went from 250 to 1900 since the start of the millennium. Even With the money printing being seen all around the world, I think there is the potential for plenty of "profit taking" from the current levels. At 1500, gold is still up 500% from the lows. I remember talking to a very close friend at/near the peak of the Nasdaq (5000) and suggesting that gold would start to make a move soon. It was either his 1999 or 2000 Xmas party. He laughed at the time but he remembered our discussion and made reference to it a few short years later. By then he had already started putting substantial money into gold and he complimented me for "being ahead of the curve". Short term, I would say that the trend is your friend and that there should be plenty more weakness ahead. That doesn't mean that we won't have short or intermediate term stops and starts. With a number of the major investment houses publicly saying short gold, I would be very cautious going long into the down trend, except for bounce plays. Most of The miners haven't exactly shared in the upside in gold metal pricing but they may share plenty of the downside. The size of the trading yesterday was amazing. Watching the volume explode in the ETFs was absolutely fascinating!!