2008 Zeal Trading Performance

2008 Zeal Intelligence Realized Stocks Trades (YTD 9.30.2008)

Gain or Loss

Symbol

Company

Sale

Mnths

Sale Letter

-10.0%

SLW

Silver Wheaton

Stop

0.5

ZIOct08

-16.6%

-10.0%

+5.8%

-4.0%

SKF

KGC

COW

UltraShort Financials

Kinross Gold

Goldcorp

Short S&P 500

Livestock ETN

Stop

Sold

Stop

0.5

2.0

4.0

ZIOct08

-5.4%

-8.8%

-9.3%

-2.3%

+9.8%

QID

GDX

DGP

QID

DUG

UltraShort QQQ

Gold Miners ETF

Gold Double Long ETN

UltraShort QQQ

UltraShort Oil & Gas

Stop

0.5

ZISep08

ZIAug08

-8.4%

-3.3%

-9.9%

-1.4%

-7.1%

DTO

DAG

FTO

DUG

Crude Oil Double Short ETN

Agriculture Double Long ETN

Uranium Participation

Frontier Oil

UltraShort Oil & Gas

Stop

0.5

ZIAug08

ZIJul08

-7.0%

-8.8%

+0.6%

+0.8%

+25.4%

CCJ

GMO

DGP

NAK

GRS

Cameco

General Moly

Gold Double Long ETN

Northern Dynasty Minerals

Gammon Gold

Stop

0.5

2.0

1.0

2.0

ZIJul08

+3.0%

-8.7%

-12.1%

-20.0%

-14.2%

ETFC

RBI

OZN

CDE

JIN

E*Trade Financial

Red Back Mining

Orezone Resources

Coeur d'Alene Mines

Jinshan Gold Mines

Sold

Stop

1.0

0.5

1.0

3.0

ZIJun08

ZIMay08

-16.0%

-16.4%

-17.5%

+7.6%

-14.1%

UXG

NAK

KRY

CDE

US Gold

NovaGold Resources

Northern Dynasty Minerals

Crystallex

Coeur d'Alene Mines

Stop

0.5

1.0

0.5

ZIApr08

-9.8%

+10.0%

+22.3%

-17.7%

+9.9%

MRB

GRS

MFN

OZN

Metallica Resources

Hecla Mining

Gammon Gold

Minefinders

Orezone Resources

Stop

1.5

0.5

ZIApr08

ZIMar08

ZIFeb08

-15.0%

-15.5%

-8.8%

+0.8%

+19.3%

MNEAF

GORO

EXK

AZK

CDE

Minera Andes

Gold Resource

Endeavour Silver

Aurizon Mines

Coeur d'Alene Mines

Stop

0.5

1.0

0.5

2.0

5.0

ZIFeb08

Average

-4.7%

1.1

2008 Zeal Intelligence Realized Options Trades (YTD 9.30.2008)

Gain or Loss

Symbol & Bet

Company

Expire

Strike

Sale Letter

+20.0%

USO Puts

Oil ETF

Oct

103

ZISep08

-100.0%

-5.6%

+71.4%

-88.9%

-83.3%

SA Calls

AUY Calls

CCJ Calls

GFI Calls

GDX Calls

Seabridge Gold

Yamana Gold

Cameco

Gold Fields

Gold Miners ETF

Aug

Jul

Jun

Jul

Jun

ZIAug08

ZIJul08

ZIJun08

+142.7%

-83.7%

-40.4%

+141.5%

+173.3%

MR Wnts

USO Puts

GDX Calls

NEM Calls

GDX Calls

Metallica Res. Warrants

Oil ETF

Gold Miners ETF

Newmont Mining

Gold Miners ETF

Dec

Apr

Mar

3.1

ZIJun08

ZIMar08

ZIFeb08

Average

+13.4%

2008 Zeal Speculator Realized Stocks Trades (YTD 10.2.2008)

Gain or Loss

Symbol

Company

Sale

Mnths

Sale Letter

-6.8%

-5.9%

-6.1%

-8.8%

+9.3%

DXO

SLW

UDN

Crude Oil Double Long ETN

Silver Wheaton

Goldcorp

US Dollar Index Bearish

Short S&P 500

Stop

Sold

0.5

2.0

3.0

ZS100208

+11.3%

+11.5%

+32.0%

+18.6%

+11.3%

SLV

SKF

DXO

DGP

SKF

Silver ETF

UltraShort Financials

Crude Oil Double Long ETN

Gold Double Long ETN

UltraShort Financials

Stop

Sold

Stop

0.5

ZS092308

ZS091608

+22.3%

-7.5%

-7.3%

-8.9%

-3.9%

RFN

SLW

ABX

COW

Double Short S&P 500

Silver Wheaton

Goldcorp

Barrick Gold

Livestock ETN

Stop

0.5

4.5

ZS091608

ZS090908

-6.0%

-7.7%

-9.1%

+1.2%

-3.2%

SLW

SLV

SKF

GDX

Silver Wheaton

Silver ETF

UltraShort Financials

Goldcorp

Gold Miners ETF

Stop

0.5

ZS090308

-4.7%

-3.7%

-1.3%

-4.7%

-6.9%

DGP

SLW

KGC

GDX

Gold Double Long ETN

Silver Wheaton

Kinross Gold

Goldcorp

Gold Miners ETF

Stop

0.5

ZS090308

ZS081908

ZS081208

-8.2%

-6.2%

-5.0%

-8.4%

-2.6%

DGP

QID

PSQ

GDX

DAG

Gold Double Long ETN

UltraShort QQQ

Short QQQ

Gold Miners ETF

Agriculture Double Long ETN

Stop

0.5

1.0

0.5

ZS081208

ZS080508

+13.3%

-9.6%

+4.1%

-2.1%

+5.1%

DTO

QID

UGA

DUG

Crude Oil Double Short ETN

Uranium Participation

UltraShort QQQ

Gasoline ETF

UltraShort Oil & Gas

Stop

0.5

1.0

1.5

0.5

ZS080508

ZS072908

ZS072208

ZS071508

-3.9%

+0.4%

-9.0%

+7.5%

-5.2%

DTO

DBA

FAN

DAG

Crude Oil Double Short ETN

PS DB Agriculture

Global Wind Energy ETF

Uranium Participation

Agriculture Double Long ETN

Stop

0.5

1.0

0.5

ZS071508

ZS070808

-3.2%

-7.3%

-7.1%

-8.7%

-7.9%

DTO

DUG

TSO

VLO

GLNG

Crude Oil Double Short ETN

UltraShort Oil & Gas

Tesoro

Valero Energy

Golar LNG

Stop

0.5

1.0

0.5

ZS070208

ZS062408

ZS061008

-7.2%

+13.4%

+22.5%

+11.3%

-3.1%

DUG

FTO

GRS

DCR

TLR

UltraShort Oil & Gas

Frontier Oil

Gammon Gold

MacroShares Oil Down

Timberline Resources

Stop

0.5

1.0

2.0

0.5

ZS061008

ZS060308

+2.6%

+5.0%

-3.2%

-3.7%

-9.0%

DGP

CDE

DRYS

TSO

GMO

Gold Double Long ETN

Coeur d'Alene Mines

DryShips

Tesoro

General Moly

Stop

1.0

0.5

1.0

ZS060308

ZS052708

-5.1%

-1.6%

-14.2%

+0.1%

-17.8%

TGB

NAK

OLE

HTM

Taseko Mines

Northern Dynasty Minerals

Oromin Explorations

Uranium Participation

US Geothermal

Stop

1.5

2.0

0.5

ZS052708

ZS052008

ZS051308

-13.3%

-13.8%

-18.7%

-18.1%

-17.5%

TXCO

MFN

KRY

EXK

VGZ

TXCO Resources

Minefinders

Crystallex

Endeavour Silver

Vista Gold

Stop

1.0

0.5

1.0

ZS050608

ZS042908

-19.4%

-15.3%

-11.5%

-14.5%

-14.9%

SST

RBI

CDE

WGW

OZN

Silverstone Resources

Red Back Mining

Coeur d'Alene Mines

Western Goldfields

Orezone Resources

Stop

1.0

0.5

ZS042908

ZS042208

ZS041508

-12.5%

-12.7%

+30.6%

-13.4%

-7.2%

KXL

OZN

KRY

SRLM

NAK

Kodiak Exploration

Orezone Resources

Crystallex

Sterling Mining

Northern Dynasty Minerals

Stop