"Having been on vacation for the last weeks with low internet quality, I was not able to listen to your audios, but at least I could read the page almost daily.

"I have to tell you that am surprised by your present lack of interest in PM. I remember your wise decision of stepping down from gold in the last part of December because of its high volatility at that time. But from January on gold rallied more than 10%, as well as silver, and you chose to stay on the sidelines. That seemed to me like watching Wilkinson losing a goal just in front of the posts!! Very unusual! Moreover, your recent comments about a new silver stocks analysis service, regarding it as a potential contrarian indicator made me think about what could be your present view on PM.

"As an investor in gold and silver I have always found your views and analysis very useful since they helped me to avoid painful losses and to make good profits.

"Is there anything that is disturbing your views about gold and/or gold stocks? Your comments are very appreciated David.

"Thank you for your help and your usual superb coaching."

David Fuller's view I imagine your apparently remote holiday venue was a wise choice. I am also flattered by your Jonny Wilkinson analogy, and yes, after the accelerated decline that was an opportunity missed by me but hopefully not by you.

I was hoping that gold might react and form a higher low last month but it just kept moving higher, as you know. I chose not to chase it once the short-term oversold condition had been corrected. Thereafter, as I said last Thursday, gold at $1750 is obviously not the bargain that it was at £250. In the global beauty contest, stock markets have looked more interesting to me than gold recently. However, I certainly do not think that I have had my last trades in PMs.


Re the Silver Stock Analyst pilot report from GSA, posted last Friday, I am unlikely to be the only person to question the timing after a 10-year bull run. It was also a somewhat tongue-in-cheek comment and I left it to subscribers to decide whether or not its introduction at this time was a contrary indicator.


Following last year's peaks precious metal chart patterns have not been so consistent as they once were and this makes them more difficult to work with.