Everything is timing Priggly...and that is the big one. That is what we gold bugs have been up against for years. Even the most brilliant and knowledgeable PM experts on the planet have been way off their timing on the gold stocks...not the bullion. Even they will privately admit that they have been stunned by the enduring power and ability of the corrupt syndicate at the highest echelons to warp, stomp and suffocate the precious metals markets.

How often did we see the most positive and optimistic predictions couched with "in the weeks and months to come"? Not only has it been weeks and months...it has been years...and many foot soldiers have been slaughtered having run out of supplies.

Years ago Ted Butler, one of many, was most optimistic that the duplicitous activities in the futures short markets would have to end because of the law of physical supply and demand; that the obvious machinations of the JPMs, Goldman's, Central Banks, Western Governments, theFed., the Treasury, the regulators, the gatekeepers, Analysts, Wall St., CFTC, COMEX, etc....would have to end because of sheer physical demand. It goes on and on as we all know.

The JPM stocks especially, all futures, paper markets are chump's change to suppress when the criminal activity has become blatantly arrogant and public now with the latest MF Global crimes and the perpetrators insulated from any semblance of legal/criminal accountability.

We are at a loss to accurately assess what is to come. All we can do is remain positve in the knowledge that sooner or later the law of gravity overcomes the illusion of levity.

Thanks for relating your conversation with Bill Murphy. I have been following him for 12 years.