Paul...

Gold hit $980+ on the Shanghai market last night..

It is at record highs on the US markets..

We are in a bear market now and fundamentals DO NOT apply in a bear market..

People on shakey grounds get out with profits or forced sales due to margin calls and base metals suffer..

Gold on the other hand is a hedge against the falling US dollar and inflation and usually a safe haven in these times.

Gold producers will do well and gold bullion of course is in demand but junior exploration gold companys will suffer right along with the base metal stocks..It will take an exceptional Jr.gold exploration company to hold its value and increase over time with the falling confidence in the markets..

KXL is one such jr gold company....or should I say polymetalic explorer..

In 2002 gold production costs were $150.00 US an ounce..

Today they are north of $400.00 an ounce to get them to market..

Gold cut off grades used to be1- 2 GM/ton ...

3-4 gm/ton would be more like it today..

A sucessfull exploration company must first of all have an exceptional management team...high probability production claims...low debt..be well financed and have share holders that are loyal and dedicated to the belief that the company will work to the best of their abilities to enhance shareholder value..

I believe that KXL is one of very few companies,of anykind..producer or explorer that has all these virtues and assets..

That is why I invested in KXL long before the share spike at the Toronto gold show and have KXL in 5 different accounts..

I am here for the long haul..

On Rob McEuan..he is the head honcho for US Gold Corp...

Of course he is going to pump gold on the BNN show..

No other opinion other than stated..