Yes Coach, I agree re John embry. He has had the guts to call it the way it turned out and to have been smeared with the same "tin foil hat" snear that so many were. John and a few others (Bill Murphy) were way ahead of the crowd and knew what the Fed. and Bullion Banks were up to long ago...not to mention JPMorgan etc.

I think where most went wrong wayback in 2002 was with respect to underestimating the staying power and heft of the JPMorgans...as he just referred to today with his reference to derivatve leverage. And that is where et al. The little guy got totally sucker punched while gold and silver were bulling on up. Many have lost huge $ and did not have the time to hang in there...after all it has been many years. Trying to convince one's friends that the JPMs are a good investment now is almost useless. Who can blame them...far "too risky". I think of all those years I have been so wrong re ECU. They really put the boots to us...and I am conveinced those who worked for the big Canadian Banks were given a heads up many years ago in vague but stern warnings. No wonder they wouldn't let their clients invest in them.

So here we are today...on the verge of a rush into the JPMs. It will take a long time for some to realize they are once again a bargain. Too bad.