| OUTLOOK |
| "Betting on a Gold Correction II" |
| 10/16/2007 |
| We believe that Gold is due for a correction of at least 4% from its peak level within the next 10 weeks. |
| In our Outlook on 4/23/07, we issued a bearish signal on Gold which saw Gold decline over 4% from its peak level within 10 weeks. Today on 10/16/07, we are bearish on Gold yet again. Our system is indicating extreme bullish sentiment and overbought conditions which should unwind to cause a decline in Gold prices. |
| Mark Yuan, CFA |