Mostly: Classical

[amarksp]

a few reasons for hope on gold:

1) Ramadan starts 9/23, the Muslims do not appear to be getting either kinder or gentler... Ramadan pretty much ignored by the press thus far, but any type of terrorist incident or even speculation of same could move gold up...

2) October Gold Options and Futures expiration on 9/25, could be weakness until expiration and then gold moves.

3) New deadline for Iran on nuclear postponed to early October (first week of Oct it appears), so bound to be a few tensions in the world leading up to that...

Currently see this more as a short term move on gold, not a long term move... Plan on being back into mostly cash in early Oct before Ramadan over on Oct 22nd.

Have most of my position in GLD rather than gold stocks, although I did buy some EPM as discussed. Gold stocks may not participate as much as physical gold/GLD.

Last item, looking very much forward to Martin M gold presentation next week at Denver Gold...

Not sure yet, but believe may then start investing in NatGas stocks in Nov/Dec. Monitoring Robry data closely, especially the supply side...
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