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THE TIMELESS PRECIOUS METAL FUND
THE SIERRA MADRE GOLD & SILVER VENTURE CAPITAL FUND

TIME TO BUY THE JUNIOR PRECIOUS METAL STOCKS? March 14, 2008

DO JUNIOR PRECIOUS METAL SHARES STILL OFFER AN EXCELLENT BUYING OPPORTUNITY?

2000 to 2008: The bull markets in gold and silver

Above charts show the strong bull markets in both gold and silver and our medium term targets based on previous market actions. Silver has outperformed gold since the bull market started and each rally also showed stronger gains. We think that silver will continue to outperform gold.

In 1980, the gold/silver ratio fell to less than 20. Based on today's gold price, the silver price would have to move towards $ 50.

Junior mining stocks offer outstanding capital gains opportunities in our mind. Click on the links below to find more about our two junior mining funds. The time to buy is now!

The recommendations were valid at the time of writing, viz. at

but may no longer be pertinent at the time of reading.

Peter Zihlmann

www.pzim.com
www.timeless-gold.com
invest@pzim.ch
Tel.+41 44 268 51 10
Mobile +41 79 379 51 57

January 16, 2008

Disclaimer: P. ZIHLMANN INVESTMENT MANAGEMENT AG does not accept any liability for any loss or damage whatsoever, that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in the trading recommendations or in any accompanying chart analyses, whether communicated by word, or message, typed or spoken by any of its employees.