Some sage advice from Canada's formost Gold expert...

Staying liquid and watching has untold benefits at the moment. One of the calmest talking heads on financial television this morning summed it up as " Survive. Wait for more news." To which, we would add: Keep the 10% core gold position in place. Raise the allocation of long-term holdings by 5% on major dips. If losses are taken in other sectors, mobilize 5% on significant rallies. Do not take these as advice or a forecast; they are merely prudent possible choices. Speculating and betting large at this juncture is to be done only if you have money to burn.

Happy watching.

Jon Nadler
Senior Analyst
Kitco Bullion Dealers Montreal

JACKASS