[BigFisherman]

So why have I made a fortune this last year in gold and shares? Check out the prices of HGMCY and DROOY, which I purchased after 9/11. Have taken profits and building my retirement home in Northern Idaho.

Gold performs well in run-away deflation because of currency turmoil.

Do your homework.

[Lee_Atwater]

I have been having fun - for the lack of a better word - trading junior miners. You have done very well buying Durban and Harmony in late 2001, and taking profit around May. That gold run up in the first half of 2002 was a result of central bank reflation.

[LS]

You are speculating in gold. Good for you. That is a big difference than what the goldbugs advocate, which is HOLDING gold as a "protection" against the Federal Reserve.

You also rightly cite that we are in deflation---another anathema to the goldbugs, who harangue about "debt bombs" and inflation. What you show me is that smart investors can always make money. I envy you. For most of us, we rely on general trends and merely hope to catch the back of the wave :)