I really don't know how the Sinclair quote relates to the jrs, or if the gold shares he is referring to are sr oriented. If so, they are not that inconsistent. I have, in the past, asked why money would rotate into the jrs, and I never received a compelling answer, only that that is what happens as the gold bull matures. That may be the case, and while I may look at the matter too simplistically, I tend to lump au jrs into the general category of higher risk equity within a sector (whether tech, financial, etc), and people generally tend to gravitate away from risk in uncertain times, unless there is a compelling reason not to. In the case of Kry, I am not real confident that this will move as we would like (unless you are shorting or agressively trading) absent the you know what. With permit, the sky's the limit. And of course that is what we are hoping for.