Bingo Joltin.  I don't want to get sued for slander so in big capitals THIS IS JUST MY OWN PERSONAL OPINION.

I like Paul a lot, was in with him early on Virginia, back when Gold was flirting with $400 an ounce and most couldn't give a sh_t about gold plays.  He's made some great calls and some bad ones.  Most importantly is that he's been consistant in his approach of investing in managements over hype.  A true bottom fisher in that respect, more than John Kaiser can ever pretend to be.

All that said, I got to call BS when I see it.  I don't doubt his disclosures during the progrm were true, but I'm sure he is hoping to buy the market cheaper as opposed to preparing for a financial apocalypse.  What the heck is physical gold going to do for you if the financial system as we know collapses? 

Gold is a trade just like buying producers and explorers is.  These doomesdayers make for great sound bites, but if you truely believe in what they're saying, the correct investment is guns and amunition.  He mentions the ease in which he can turn gold into paper money which is absolutely true.  But if the banks collapse, who is going to do that exchange for you? 

I like the Gold trade, not as a hedge against the world as we know it coming to an end, but as a way in playing the devaluing of currencies by central banks printing money with wreckless abandon.  The truth is, well at least imo, the central banks will continue to print money and bail the major financial institutions out for as long as it takes.  Interest rates globally will continue to fall until the desired economic growth resumes.  This path should begin to realize itself late 2008.  Hard to say if the bottom is in on the over all markets, but this much you can take to the bank -Gold is going higher as a result of these actions.

Will the general softness in the overall markets drag Canadian Jrs with it- probably to some degree at times.  But given weakening fundamentals in other sectors, money will eventually flow into gold stocks as a way of leveraging the higher price of the physical metal.  We've seen this time and time again over the last six months.  Gold stocks get whacked with everything else in the 300pt sell offs, but where are they now compared to the general index's?  Most of the big producers are just off 52 week highs as I type. 

IMO Paul saw the price of gold get a little ahead of itself, at least in his opinion, sold his holdings with one thing in mind- to buy back and ride them into what should prove to be one heck of a run through the end of the year.  He even says as much in the quote that Joltin provided.  I'll say one thing, you have to be one hellof a market timer to trade in and out of stocks going up.  Maybe he can pull it off, maybe he can't. 

For me, my gold jrs' are sold for one reason only in this mkt and that's bad results.  Off topic, but that's the best thing about Aurelian imo, we have no drilling risk.  Sure we're in the middle of a political debacle, but never in my life have I played an exploration play with no risk of a drill hole disappointing.  The political issues will work themself out, FDN going forward benefits Ecuador and its people as much as it does us, shareholders of Aurelian.  Mother nature can be cruel to other plays though, as I'm sure everyone here has experienced at least a couple of times in their life.  So when Paul says buy physical gold, I say no thanks, I'll stick with my Aurelian. 

Regards,

Buck