My guess is he is taking profits on producers? he cant really sell TDC as he is the market, the volume isnt there to sell into.

I'm wondering if I shouldnt be selling companies I own like San Gold and Minefinders as I bought them towards the end of Oct, this would bring me back above a 50% cash position. It would open up the option of going short

Bob Hoyes letter is still talking about April, but even he said on Howestreet yesterday that they have been wrong footed by the S&P . Then his Techie Ross Clark has updated his expanding wedge idea for gold and has also said that if gold doesnt go up strongly from here there could be a significant correction. However he later gooes on to say that the gold/silver ratio is still positive.

So mixed messages