Not all of us Sean. Reading back over the posts, a question was raised about gold being
soft in the Spring. That is due to the ending of the Indian wedding season. Jewelry
demand is still the biggest component of demand in gold, although speculation has made
some nice inroads these past few years. Expect Indian jewelers to start buying gold once
again in late August through early October. By all accounts, it appears that jewelers are
comfortable with these prices which will help with demand.

Looks like everybody was a bit to bullish on AUY .

Sophia thanks for the comment on gold dippiing in the spring I had no idea? I hope AUY
hits the 20 dollar mark and I am not being a pig and getting slaughtered.

I believe AUY is worth holding on to for the next few quarters. The REAL growth is just
happening now with Chapada coming online. I believe this will be in the low/mid $20 range
by years end.

What would drive the gold price down? The only reason I can come with is higher interest
rates and maybe a dollar rally out of its 5 year downtrend. This would indicate that the
Economy is strong and the Fed can raise interest rates further. Do you want to experience
higher interest rates along with falling real estate? I'm sure there will not be an
economy that can withstand higher rates than they are today. Otherwise Wall Street wouldnt
be speculating on Fed Rate Cuts. Gold is positioned to go higher as well as other
commodities.

I see the infamous Chramer is saying to stick with AUY.

"bulls make money, bears make money, pigs get slaughtered." Taking a profit shouldn't be a
difficult decision.

If your going with Cramer picks, take a look at HAYN. I don't know anything about the
company but its one of his recs.

Last edited on: 03-24-2007 08:13 pm

According to Igor Greenwald of Smartmoney, spring is typically a low point for gold during
the year (I have no idea why) and he will be using that dip to load up on gold/gold
stocks. So...things might not have much action for now but it is a long term and
profitable play in my, ever-so knowledgeable opinion! :)

I fear I have bought a little too heavy into gold. I have SXR...(uranium and gold mine)
...and AUY? maybe I should sell out form yamana and stick with SXR. BUt yet Young money
is saying stick with it???? Ohhh the love of owning stocks....lol

I don't think anything in the gold sector is fast cash right now. With Barricks
management denying the merger, its not going to happen right away. Its pure speculation, I
don't like the fundamentals behind gold stocks. I would buy a diversified miner as an
investment.