zzzzzz there is an undercurrent here miring juniors like NOT that will require much development capital at best. To save the butt of the USD, Fed felt compelled to talk about early tightening (by early, meaning well ahead of any appreciable growth rate). That spells Stagflation, with very low to zero growth rates, and some inflation wherein new mine development is foregone as too marginal/risky but supply destruction occurs as old mines are overworked in a mildly inflationary environment. I do not write the script for CNBC, but that is the wunderworld they are talking about 7/24 to save King Dollar. That should scare anyone investing in non-PM juniors , even though it is exceedingly unlikely to be politically sustainable (currently about 16% unemployment rate in the"for profit"sectors.) . So, before I add to junior non-pm positions generally, I'd like to see some measurable growth, rising metal prices, stable USD, and an accomodating Fed. Only the last of those is in place. And it is not a time to be brave even if our logic tells us the long term must be better. zzzzzzzzzzzzzzzzzzzz