Ann: Quarterly Activities and Cashflow Report , page-13

OK Peoples,

some wise words from an advisory of mine just to bring some perspective to all.....discussing the relative performances between PM's (gold in this case) & the stock market.....referencing US data (GDP, Unemployment etc.).
I beleive this is valid also when viewing PM miners & AYN in particular.
On a personal note, it helps me retain strong hands.

"This is just classic human nature. Once a trend is well established we tend to get locked into a mindset that the trend will continue for the foreseeable future.
The stock market right now is a perfect example. Since it has gone up so strongly for weeks and weeks everyone expects this will continue and they find reasons for why it will continue. Of course none of those reasons are valid. GDP has turned negative, unemployment is starting to rise again and earnings are in decline.
None of that makes any difference to bulls though. All they know is stocks are going up and those that buy make money. Of course there will be a very nasty decline in the future and all those traders who thought stocks were bullet proof are going to get slapped by reality.
The same will happen for gold. Everyone is finding reasons for gold to go down because it’s been going down. None of the reasons are valid. Gold is dropping because those who sell are making money. This won’t last either. Eventually the fundamentals and secular trend take control again and the bull will resume."