Well, Skol, from your April Fools Day call of 'buy indicies and...

Well, Skol, from your April Fools Day call of 'buy indicies and sell gold', it is pretty much line ball. Both down about 3% I think.

It is a bit odd the risk on and risk off markets are moving in the same direction.

But we do have a long way to go... who will win... indicies or gold.

If I was a miner I would be hedging now a little. The miners can dig it out so easily for under a $1000 and selling it at $1600 is candy from the baby.

I find it incredible that miners are priced as if gold was $1000. So that is the what the long term 'market' thinks. But you will forgive me if I take a page out of your contrarian book. That is, Skol, you like the banks and govts and fund managers and smart people ALL think gold should be under a $1000. It is only the odd balls who think through the result of money printing that are in the minority.

I like being in the minority on this one. You may get burnt now that you have joined the masses and the mass thinking.