I've heard Turk all along and I agree with him...and he has always been premature...so I don't think the fireworks will start for sure until August...I believe JPM has one more pullback on deck...and besides... the ECU/meger is not until Sept (tongue in cheek). And we have t wait for "the debt ceiling thingee" ...the Euro fix saga...and, Tah, Dah!!!!...QE Bennie "3"! And away we go!!!!! Well, we start anyway.

I have listened to the best in the business (as many of you have) for ten years. They have been wrong at least 70% of the time on the JPMs with their expectations...which I believed in and lost a ton of dough on. When I think of all those years of charts and fundamental analsis that always seemed to miss the mark and all the years of explanations. They, after all, were the experts. They were mostly right about gold itself...but not silver... many times. ...and seldom the stocks.

John Embry sort of admitted it when he mentioned that the derivatives markets skewed expectations for the PM stocks significantly and threw off the best of the best. Well, there was fraud to deal with too. So, the big boys invested in the physical and the little guy took into the stocks and got ripped. Too bad, so sad. The little guy wasn't riding on millions in their back pockets. All along of course it was cautioned that the risk was high. Guess that explains the likes of ECU going from 2 cents to $3.60 and then with vastly improved resources, fell back to 30 cents. Meanwhile, those who could afford to accumulate millions and millions of shares of multiple JPMs did so. Heck, whats a few years mean when your loaded and you know that they will be very valuable some day.

Okay, okay...enough bitching and whining. Our time is soon upon us...starting for real in a few weeks...but watch for the near term speed bump. It is time for us in the trenches to take some serious ground back.