is this time to short gold?, page-39

Hello everybody and to Nathan, I totally agree with your post. Funny the negative sentiment towards gold stocks at present too.

I was just interviewed by Stephen Calder from the Financial Review and was able to put forward the view that there is a major valuation misalignment between gold and the gold stocks here on the ASX.

He told me the consensus is that NCM is expensive to which I replied that it is now selling for what it did in late 2007 when AUD gold was $893 per oz, however sentiment was positive on goldies at that time. UBS just downgraded them and MWF upgraded their price targets but neither of these institutions recognize or factor any changing sentiment. Costs have not kept pace with the rising gold price. SP's have not kept pace either. The market players will discover their error in a couple of months when they look back.

I explained that the XGD has not correlated with the XAO since April last year and sent him a chart to prove it.

I sent him a couple of Newsletters and my file on Armageddon & Reversal that I made on the 9th in the "crash" so I hope he reads it all. He is a good guy but working to a deadline so I hope I get represented fairly for my sake and the gold investors who are currently believers.

DYOR please read my disclaimer below.
Very best regards,
CW