"We now need to find the next group of investors who will drive the junior mania phase. I'm still looking."

Maybe...

Inevitable physical delivery problems spill over to the majority of ETF's being recognized as the derivatives they are, bringing the recognition that there are NO PHYSICAL PM's LEFT but what remains in the ground... this has to happen eventually, but when?

That may be what drags paper gold down from it's eventual highs next year. The shorters will have blown up, and TPTB (thank-you thank-you) will collect the shares they were hoping to cover with on the way down . Being as "long" as they are able to be, they'll then start tipping dominoes. Money will flood into anything real...

But that's just a guess. :) Hell, the market ignored "foreclosuregate" until now, so literally anything could pop up at any time, that is, if you believe in the accidental theory of history.

I'm not saying the juniors will get no lovin' until then. Of course they will. They need to get enough new blood to drive the downside once again. By then, those of us hardened by the last 5 years will be holding long, or waiting to buy back in.

You can wrestle with what you've become as you count your free shares.

Tick tock...