gold chat, page-177

I am talking fairly short term Skol. I do see some further dips in the gold stocks as they stabilize however my own DYOR indicates the gold stocks are now cheaper than at the lows of Oct and Nov 2008.

This is a 'relative to gold' statement. The gold stocks are now earning money, at a higher rate than airlines that is for sure. We disagree on the direction of gold, fair enough I am content with that. Are you short gold then? To match your view?

I am still holding some hefty profits and sitting at near 7500 XGD levels thanks to weightings, stock selections and a few moves during the management period. If I need to I will lighten and manage it. If I get some further buy ops on individual stocks and my signals continue to work then I will complete the deployment of the capital for the move.

I am glad you are diversified in cash and global shares. The shares offshore are a good idea. I still think property stinks as an asset class however we did just buy a property as a distressed asset at a deep discount. We disagree on gold and property so be it.

If you are to compare Aussie gold stocks however you have to do that within the ASX as global capital flows have not favored the ASX - they have favored the US as I mentioned. The S&P has zip to do with the XGD it may be compared to gold however and gold has outperformed since Feb 2011 as I stated.

CW