What I am seeing in my juniors is, as someone else has mentioned, very few weak hands.

Of course, with prices this low, one might argue that the concept of "weak hands" is no longer applicable. However, as the DOW, S & P, GDX, HUI tank, many of my juniors stay the same or go down on very low volume, and then come right back up on very low volume.

This gives me hope; what it means to me is that if things turn around for PM mining stocks, the ride up should be as quick, if not quicker, than the ride down has been. Some, like Jim Rogers, seem to prefer the assets themselves and not the companies that produce them; I am hoping that the aversion to stocks does not place a quasi-permanent stigma on the juniors.

Right now, all we can do is wait for the whip-sawing to end. Who knows when that will be, but, for what it's worth, the "good news" seems to be that my juniors are at the bottom.

stone