Note: This is a sample newsletter. Most specific stocks and trades have been hidden out of respect to paying subscribers.

Contrarian Report – September 2012Jason Hamlin

“I shall be telling this with a sigh somewhere ages and ages hence: Two roads diverged in a wood, and I – I took the one less traveled by, and that has made all the difference.”

- Robert Frost

Stocks Climb to New 2012 Highs on Stimulus HopesThe S&P 500 index advanced roughly 2.6% in the past month, driven largely by hawkish comments from Fed chief Bernanke and bond-buying by the ECB. Non-farm payrolls rose just 96,000, well below expectations of 130,000+ and too low to keep up with population growth. Yet, the official unemployment rate actually dropped from 8.3% to 8.1%.

This drop in the unemployment rate only makes sense when you consider that the government is no longer counting 368,000 people that left the labor force during the past month. A good percentage of these people gave up looking for work or have been unemployed so long that they are no longer counted. The share of working-age people who are either working or looking for work—known as the labor-force participation rate—fell to its lowest level in more than 30 years at just 63.5%!

Making matters worse, there was a 41k downward revision to jobs created during June and July. The unemployment rate has been above 8 percent since February 2009, a month after Obama’s inauguration—the longest period of such elevated joblessness since the Great Depression.

Stock prices rose after the unemployment report came out, but it wasn’t because traders felt cheerful about the economy. Just the opposite: They concluded that the lousy report increased the likelihood

Page 1 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

that the Federal Reserve would further ease monetary conditions at its next meeting Sept. 12-13.

In more negative news, U.S. manufacturing shrank for a third month in August in the longest decline since the recession ended in 2009. The Institute for Supply Management’s factory index fell to 49.6 (slight contraction) last month, the lowest reading since July 2009.

Japan's manufacturing also fell to a 16-month low and China's flash PMI plunged to 47.8.

The monthly ISM report is a better economic indicator than the employment report. The ISM gives a raw read on actual manufacturing growth, while the employment report is a government guess that includes non-productive government-created jobs. The employment report is also impacted by technological unemployment, a term seldom discussed by politicians or business analysts.

Technological unemployment is the loss of jobs caused by computers and robotics replacing human labor. While the monthly employment report usually has a bigger immediate effect on the financial markets, manufacturing can actually increase and businesses can grow all while true unemployment climbs. In the Eurozone, unemployment once again reached a new “official” high of 11.3%. Spain topped the list with the highest unemployment at 25%, with Greece not far behind at 24%. Of course, these are

official government numbers, meaning the true unemployment rate is likely much higher.

Given the lack of jobs in the U.S. and around the globe, consumers are not feeling all too confident lately. The New York-based Conference Board's consumer confidence index in August fell to 60.6, down from a revised 65.4 in July and the 66 level analysts were expecting. The index now stands at the lowest it's been since November 2011 when the reading was at 55.2.

There is good reason for consumers to be concerned. Household income is down sharply since the recession ended three years ago. From June 2009 to June 2012, inflation-adjusted median household income fell 4.8 percent, to $50,964, according to a report by Sentier Research. With the majority of Americans living paycheck to paycheck, a 5% drop is quite significant.

I have been correct in my forecast for poor economic data throughout 2012, but wrong in my belief that this would translate into lower prices for stocks, absent new QE. Major stock indices and investor sentiment have been charging higher, fueled primarily by rumors of more easing and a few token words spoken here and there by Ben Bernanke. Thus, QE3 seems to be fully priced into

Page 2 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

stocks, unless they announce a new program that is significantly larger than anything before.

Then again, looking back at QE2, there was a move higher in stocks at the time it was hinted and another move higher once is was announced. We are really in unchartered territory with the levels of central bank intervention and the total dependency of the markets on stimulus.

The announcement of QE1 had little impact until it was expanded in March of 2009. At this point, the markets put in an impressive rebound. However, like a drug addict, the markets needed more of a fix and proceeded to drop sharply when QE1 ended. Investors were so enamored by the power of the FED that it only took a “hint” at QE2 for them to bid up stocks once again. Ever since, investors have been hanging on every word of the Bernank. Once QE2 was officially announced, stocks pushed higher again. At the end of QE2, we see another sharp decline, followed by “Operation Twist”, which lifted markets once again, although not as strongly (diminishing return?)

When Eurozone problems heated up, the ECB stepped in with a LTRO program that averted a collapse of the Euro and also pushed up markets in the U.S. Once this LTRO buzz wore off, Bernanke needed only to give the expectation of QE3 for markets to march higher. This is exactly what has transpired in 2012, despite little sign of new stimulus until this month. In the past week we've had our first hint at coordinated central bank action. The ECB and China announced new stimulus during the same week, while the FED hinted strongly at QE3 in the near term.

This is the charade that we now call markets. It is all one big game of central planning and manipulation, intended to kick the can down the road a while longer, while enriching those anywhere near the printing presses. Stocks are up roughly 10% in the past 3 months, despite weak economic indicators. Fundamentals be damned, we just need more money!

So, should we expect QE3 to be announced next week? As I've said before, why should they actually execute another round of stimulus when Bernanke need only speak the right words to keep the music playing a while longer? Perhaps because it benefits those in power? Still, while most are expecting action this week, I am not quite sure we will get QE3 so soon.

Bottom Line: Removed for sample newsletter

Page 3 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

Debt / Deficits / Dollar It seems like only yesterday that we passed the $15 Trillion mark for national debt. Less than a year later, the debt has officially crossed the $16 Trillion mark, which is more than $50,000 for every man, woman and child in the United States! Ten years ago, the CBO predicted that we’d be $7.6 Trillion in debt by now. At $16 trillion, the reality is more than twice as bad and represents more than the entire U.S. economy. There is plenty of blame to go around, but for perspective...

Before President Obama took office, the debt was $9.6 Trillion. During the Obama presidency, it has increased by $6.4 trillion – two-thirds of its 2008 total level.

U.S. Debt-To-GDP Ratio: 102% (Post WWII High!)

Including Unfunded Liabilities: Roughly 500%

“"We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong ... somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises ... I say after eight years of this Administration we

have just as much unemployment as when we started ... And an enormous debt to boot!"

- The words of Henry Morgenthau, Franklin Roosevelt's Treasury Secretary, in an address to Congressional Democrats in May of 1939.

In other deficit news, a looming crisis known as the fiscal cliff, threatens to plunge the U.S. economy back into recession according to some economists.

“The fiscal cliff may be the storm of the century,” said Leon LaBrecque, managing partner and founder of LJPR LLC, an investment firm in Michigan. “If we go off the cliff and don’t fix the cliff fast, I see the only logical outcome is a recession.”

Whether such a dire scenario actually awaits investors will largely depend on the actions of U.S. policymakers over the next four months as they finally get down to addressing the billions of dollars in spending cuts and tax breaks that expire at the end of the year. In any event the remainder of this year will be a volatile time for investors.

At stake is the expiration of US$280-billion in Bush-era tax cuts for lower-, middle- and upper-income earners; the end of $40-billion in extensions to unemployment insurance eligibility; and the demise of $120-billion in payroll-tax holidays. At the same time, $98-billion in federal spending cuts, enforced by the Budget Control Act of 2011, will come into effect.

On the other side of the Atlantic, Moody's cut the EU rating from stable to negative. Moody’s warned that it may downgrade the European Union's rating if it decides to cut the ratings of Germany, France, the UK and the Netherlands.

Page 4 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

The Baltic Dry Index Continues to Slide LowerThe Baltic Dry Index tracks worldwide international shipping prices of various dry bulk cargoes. Because dry bulk primarily consists of raw material inputs such as concrete, electricity, steel, and food, the index is also seen as an efficient indicator of future economic growth and production. It is also viewed as a reliable indicator of true economic activity, as it is not published by any government.

After a short bounce this Summer, the BDI has since dropped back to the lowest levels since the depth of the 2008 financial crisis. If a recovery to pre-crisis levels in the stock market is justified, we should also be seeing a similar percentage recovery in dry bulk shipping. But we are not. The BDI is confirming the contracting manufacturing numbers we are seeing around the globe and forecasting a continued slowdown. Central bank easing appears to be giving the illusion of a recovery by propping up equity pricing, but it is not translating to a pick up in manufacturing or shipping.

Along similar lines to the BDI is another excellent economic barometer that is rarely used. This is the volume of business at shipping companies such as FedEx. Shares of the company fell after they

projected their first quarterly earnings decline since 2009 as slowing economic growth hurt demand for the express packages that provide most of its sales. Profit for the quarter that ended Aug. 31 will be $1.37 to $1.43 a share, FedEx said yesterday in a statement. That was less than a June 19 forecast of $1.45 to $1.60

a share and year- earlier earnings of $1.46. It would be the first drop in adjusted per-share profit since the quarter ended November 2009. FedEx is set to release quarterly earnings on Sept. 18.

The reason that we aren't seeing rebounds in manufacturing or shipping is because the benefits from the bailouts and stimulus have gone almost entirely to the banks and their puppet politicians. The central banks are in essence using public funds to bail out their member banks from poor investment decisions and pay themselves record-level bonuses on the side. Crony capitalism at its finest!

If the Trillions in new money had instead been given to the people to spend into the economy, we would be seeing a more robust recovery across all sectors of the economy. Instead, the wealth of the nation is getting concentrated in the hands of fewer and fewer people with political connections. This is great if you happen to be a bank executive or know some influential politicians. For the rest of the country... not so much. And in the long run, it is going to hurt us all.

Page 5 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

Current Macroeconomic OutlookMy macro outlook changed slightly from last month. I changed my sentiment on stocks from bearish to neutral and on the dollar from neutral to bearish. Both of these changes were driven by the increased chances of easing from the FED and bond purchasing announced by the ECB. This also increased by bullishness on mining stocks and I remain bullish on agriculture as food prices shot higher in July and should continue rising this year due to record drought conditions.

Time to Invest in Gun Makers?

Gun sales are up big time in 2012, particularly in the aftermath of the Colorado shooting. But even prior to the shooting, many Americans were buying firearms for a wide variety of reasons, ranging from fear of a new ban by the Obama administration to protection in the event of economic collapse.

Smith & Wesson (SWHC), a leader in firearm manufacturing and design, today announced record financial results for the quarter ended July 31, 2012. Net sales from continuing operations for the first quarter were a record $136 million, up 48% from the first quarter last year. The increase was led by strong sales of the M&P product platform (including their AR15). Their stock is up 131% YTD!

The firearms maker also boosted its outlook for the rest of the year. Because of the strong business, its backlog of orders more than doubled from the same quarter last year, the company is concentrating on boosting production and building inventory.

Another gun maker, Sturm, Ruger & Co (NYSE: RGR) is also having troubles keeping up with demand. The company had to suspend new orders after taking orders for more than 1 million guns in the first three months of the year. Their Q2 earnings were up 63%! Ruger's stock is up 40% YTD.

Both companies represent a good investment opportunity in my view, with similar P/E ratios around 16. Ruger offers a quarterly dividend that was $0.38 per share in the most recent quarter and their stock may play catch up to the incredible gains of SWHC year to date. Either way, demand for firearms is soaring in both the public and private sector, so earnings should follow suit.

Page 6 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

Agriculture / Energy / Rare Earths World food prices jumped 10 percent in July as drought parched crop lands in the United States and Eastern Europe. From June to July, corn and wheat prices rose by 25 percent each, soybean prices by 17 percent, and only rice prices went down, by 4 percent, the World Bank said on Thursday.

Hidden for sample newsletter (CVE: xxx or xxxxx) Current Position

Bio:

Update:

Technical Analysis:

Hidden for sample newsletter (CVE: xxx or xxxxx) Current Position

Bio:

Update:

Technical Analysis:

Rare Earth and Graphite Miners

We have seen some strength in rare earth and graphite miners over the past week, following the stimulus hints by Bernanke. But rare earths have been hurt by news that China is easing export restrictions. The graphite sector has also cooled off substantially, following the initial frenzy by investors to snap up shares of any company with “graphite” in the name. Many of these companies are down 50% or more from their 2012 highs, offering good value in a sector that I believe has strong medium to long-term potential.

Hidden for sample newsletter (CVE: xxx or xxxxx) Current Position

Bio:

Update:

Technical Analysis:

The chart shows long-term support at $0.25 and what could be the start of a new uptrend channel, with a series of higher lows throughout 2012. The upside potential is significant, with the potential for the share price to double on a strong PEA in the coming months.

Chart removed for sample newsletter.

Page 7 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

Gold Moves 8% Higher on Hints of QE3 and ECB Action!

Gold finally broke out towards the end of August, as Bernanke made his most bullish case for easing thus far in 2012. Bond purchases by the ECB and new stimulus from China also helped to push up the price of gold. Last month I called out the falling wedge pattern, which usually resolves with an upside breakout. It came a bit sooner than I anticipated, but the move is welcomed nonetheless.

The technical chart below shows the significance of the upside move, which pushed through the downward sloping trend line and also broke through the 200-day moving average. Gold has strong support at $1,550 and resistance in the $1,800 area. This $1,800 level acted as resistance during two separate attempts by gold to reclaim its all-time high over the past year, so watch for a battle around this mark and significant fireworks whenever gold finally breaks through it.

Last month I stated: “A sizable move is expected within the next few months and my bias remains to the upside. A move above resistance at $1,630 would confirm this view, with a close above $1,650 all but baking the next upleg into the cake.” With gold above $1,700, the breakout was confirmed.

Return to a Gold Standard?

The GOP is considering the formation of a gold commission to study the possibility of returning to a gold standard. The proposal is reminiscent of the Gold Commission created by former president Ronald Reagan in 1981, 10 years after Richard Nixon broke the link between gold and the dollar. That commission ultimately supported the status quo. Big shock!

I see this as nothing more than a political maneuver attempting to gain support from Ron Paul followers and members of the Tea Party. Neither candidate from the two-party system would ever attempt such a thing, which would seriously restrict government spending and curtail the power of the central banks. The U.S. monetary base, which includes paper bills, coins and some deposits at the Fed, is currently around $2.6 trillion. Meanwhile, the U.S. Treasury and Federal Reserve hold about 260 million ounces in gold. That means, if the government wanted every single dollar to be swapped with gold, the price of gold would have to rise to around $10,000 per ounce!

Page 8 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

Silver Rockets 20% Higher in Past Month!

Silver finally blasted higher during August and early September, as the potential of more FED printing sent investors clamoring to pick up the shiny metal. The price easily climbed above resistance at the 200-day moving average and continued to $33.68 on Friday. That last move higher was technically significant because it pushed the silver price above resistance at the downward sloping line charted below. This should translate to higher prices through year end, but watch for a small pullback first.

Some caution is warranted here, as descending triangle patterns usually continue to narrow quite significantly before forcing a breakout. This breakout in precious metals is occurring well before the pattern has finished and leaves open the possibility of another dip below $30 and more consolidation before the final move higher. I would also be cautious in that silver investors may have read too much into Bernanke's words last week. There is still dissent amongst the FED board and Bernanke only spoke, he did not act. If the FED does not actually make any moves this week, investors may be let down and sell off both stocks and precious metals in response to FED inaction.

The gold-to-silver ratio has fallen a bit in the past month, but remains elevated and well above current production ratios and historic ratios closer to 15 to 1. During the next major upleg of this bull market, I expect silver to once again significantly outpace the gains of gold. This is why the GSB portfolio is overweight towards silver miners. It is also why at least 50% of my physical bullion is silver, despite it being bulkier to handle, store and transport.

Page 9 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

Precious Metals News Worth Reading This Month

Exclusive: U.S. banks told to make plans for preventing collapse – U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help. Keeping a good percentage of your assets outside of the banking system seems like a smart move at this juncture.

Paulson, Soros Add Gold as Price Declines Most Since 2008 – Billionaire investors George Soros and John Paulson increased their stakes in the biggest exchange- traded fund backed by gold as prices posted the largest quarterly drop since 2008. Nice timing boys. I wonder if they received any inside information from their central banking buddies? Either way, follow the money.

Even WSJ Sees Mining Stocks as Undervalued - Investors with risk appetite may want to look at gold stocks, particularly those of companies ripe for takeover, analysts say. A gap between the price of bullion and gold-mining stocks has emerged, and history shows that it likely won't last long. Equities should catch up to gold prices and close the valuation gap. Echoing my argument that miners are more undervalued than metals.

U.S. silver output plunges 63% for period between January and May - The temporary closure of Hecla's Lucky Friday Mine, complicated by ground support rehabilitation work at the company's Greens Creek Mine, negatively impacted U.S. silver production earlier this year. Domestic silver production for the period from January to May of this year totaled 411,000 kg (13,214,000 oz.), down 63% from total production of 1,120,000 kg (36,008,836 oz.) reported during the first five months of last year. We tend to focus on the demand side of the equation, but falling silver supplies can also propel the price higher in a hurry.

Nick Barisheff - $10,000 Gold within 5 Years and $1,900 by Year End - Nick Barisheff is an investment pro with a 30 year track record and management of more than $500 million in physical gold/silver. Barisheff says, “If we get into hyperinflation, $10,000 will be a conservative estimate.” How likely is hyperinflation? “There’s never been a fiat currency that didn’t end in hyperinflation and then complete collapse, not one in all of history.” He expects gold to hit “$1,900 an ounce by the year end.” Making a similar prediction, Bank of America now says gold will hit $2,000 by year end. $8,890 remains the true inflation-adjusted target high.

Pimco Increases Gold Allocation From 10.5% To 11.5% In Commodity Fund - Bond manager PIMCO announced that it was adding to its gold holdings "on inflation concerns...as it bets that global inflation rates will pick up over the next three to five years." Specifically, "The Pimco Commodity Real Return Strategy Fund, which has about $20 billion in assets, has increased its gold holdings to 11.5% of total assets recently, from 10.5% two months ago, and has been adding to the position. While it seems like a small increase, the sheer size of Pimco translates into a good amount of new gold demand. Bill Gross also said recently that gold is a better investment than both bonds and stocks. Watch video.

Workers Shot at Another South African Gold Mine as Miner Strike Spreads - The troubles for South Africa's mining industry, which accounts for 20% of the nation's GDP, have spread, when in the aftermath of the Lonmin Marikana Platinum mine bloodbath which saw 44 miners shot by police another mine - this time Gold Fields' KDC mine - went dark as the bulk of the firm's miners went on strike. AP reported that violence has erupted at a third mine, this time the gold mine owned by the nephew of Nelson Mandela, where 4 workers have been shot. So much for an amicable resolution, or for gold production returning to historical levels.

If you would like to follow the articles that I read and find worthwhile throughout the month, I usually post them in real time to both the Gold Stock Bull Facebook page and Twitter page.

Page 10 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

Current and Target Precious Metals Stocks

Hidden for sample newsletter (CVE: xxx or xxxxx) Current Position

Bio:

Update:

Technical Analysis:

All of this being said, precious metals could care less about technicals or overbought conditions when they enter powerful uplegs. They can remain technically “overbought” for weeks or months and blow through all types of resistance. I believe the key thing to watch will be FED action this week, which will either confirm belief that QE3 is on the way or disappoint.

Last month I stated that: We could see another month or two of consolidation within the trend below, but I expect a strong breakout by year end. I see nothing wrong with new investors accumulating at these levels, buying in tranches.

We got less than a month and then a rocket higher, so hopefully you began accumulating in tranches as suggested. As this juncture, I am more inclined to wait for a pullback/profit taking before adding to current positions.

Chart removed for sample newsletter.

Hidden for sample newsletter (CVE: xxx or xxxxx) Current Position

Bio:

Update:

Technical Analysis:

The technical chart for XXXX shows the powerful move during the past month, but it has yet to break through the upper trend line charted below. At this juncture the RSI is flashing overbought and we may see a pullback since it failed to break though the line below.

Chart removed for sample newsletter.

Earnings Before Taxes were $12.0 million (2011: $22.7 million) after the Mark to Market Gain on Derivative Liabilities of $1.6 million (2011: $6.3 million), Foreign Exchange Loss of $3.4 million (2011: $0.1 million) and Investment and Other Income of $0.4 million (2011: $2.8 million). The Company realized Net Earnings for the period of $7.5 million or $0.09 per share (2011: $17.0 million) after an Income Tax Provision of $4.5 million (2011: $5.8 million).

The technical chart for XXXX shows clear support just below $8 and resistance around $13. The stock has been trading within this range for nearly 2 years. I'd like to see another push to $13 on higher silver prices and believe a quick breakout is likely to follow, as production growth has been steady.

Page 11 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

Pretium Resources (NYSE: PVG or TSE: PVG) Target Position

Bio: Pretivm is creating value through gold at its 100%-owned, advanced-stage Brucejack Project located 65 kilometers north of the town of Stewart in northern British Columbia. The high-grade gold opportunity at Brucejack is the catalyst for near-term production, and main focus of the company.

The resource comprises 5 million ounces of gold in the Indicated Resource category (9.9 million tonnes grading 16.2 g/t gold) and 5 million ounces of gold in the Inferred Resource category (4.6 million tonnes grading 35 g/t gold). The updated Mineral Resource estimate will be used as the basis for the mine plan for the feasibility study currently underway for the Brucejack Project; the feasibility study is expected to be completed in Q1 2013.

Update: Pretium's stock declined 8% during the past month, despite the rise in gold. This decline was driven by a disappointing resource update for the Brucejack project. They used a more refined, more tightly constrained resource modeling methodology, which resulted in a decrease in inferred resources from 10 million ounces to 5 million ounces. This caused a sharp sell-off when most other gold miners were pushing significantly higher.

Despite this news, Brucejack is still going to be a very large, high grade and high profit project. The decrease was only to inferred resources (the least reliable type), as indicated resources actually increased a bit. They have done a considerable amount of drilling that was not included in this update and recently hit another bonanza-grade intercept. I continue to think PVG will be a winner. If investors continue to dump shares, I may buy on any dip towards $12.

The technical chart for PVG looks very strong, with a well-defined uptrend channel and support at $13. But emotional knee-jerk selling may breech this support and give us a buying opportunity closer to the $12 level. Let's be patient as things unfold with PVG over the next few weeks.

Page 12 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

Gold Stock Bull Watch List

I continue to monitor and like the following companies, although those on the current / target list above have taken priority. As these companies make progress or come out with news, they may graduate to the current/target list.

Precious Metals

Scorpio Mining (TSE: SPM or SMNPF) NEW!Guyana Goldfields (TSE: GUY or GUYFF) NEW! Q4 PEA

Stocks removed for sample newsletter.

Agriculture / Energy / Rare

Stocks removed for sample newsletter.

Biotechnology & Other

Oncolytics Biotech (NASDAQ: ONCY)

Stocks removed for sample newsletter.

Overvalued Short Sell Candidates

Emerging Market 3X Bull (NASDAQ: EDC) Groupon (NASDAQ: GRPN)

Stocks removed for sample newsletter.

Page 13 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012

Gold Stock Bull Portfolio / TradesThe GSB model portfolio remains 86% allocated with 14% in cash. I am waiting for news from the FED this week before adding to positions. Investors tend to over-react in both directions, so any sell off will represent a good opportunity to buy. The GSB portfolio is now in the green with double-digit gains YTD. I have a number of stocks in my sights and hope to get my desired entry points this week. As always, premium members will receive an email alert immediately upon any change to the GSB model portfolio.

The current portfolio, trade history, emails and newsletters are on the Premium Member page.

To purchase physical bullion, I use and recommend Cornerstone Bullion (303-956-3455). Make sure to ask for Chad Roach and let him know that I sent you. Tulving also has very low premiums if you are planning on making a large purchase. A good site for comparisons on bullion pricing is Gold Shark (www.goldshark.com), although there is more to consider than solely pricing when buying physical metals. Reputation, buy/sell spread, ability to purchase anonymously, etc.

Remember to think like a contrarian, buy the dips, sell the rallies and never allow the paper shorts to shake you from your positions at temporarily suppressed prices. Gold and silver are nowhere near the end of this bull market and could easily top $5,000 and $250, respectively, before all is said and done. Corrections are a healthy part of any bull market, allowing the bull to rest its legs and providing a base from which the next upleg will spring.

Cheers,Jason Hamlin Jason@GoldStockBull.com

All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. Past performance is no guarantee of future results. View terms

Page 14 Gold Stock Bull © 2012 (www.GoldStockBull.com) September 2012