The following excerpt is from Fri. nite's GATA....Please make note of the second paragraph. I copied this for those of you who can't wait to sell their shares on the very next penny uptick. For the record, Friday's price action in SGR truly sukked. Congrats to those of you who sold. May Monday morning greet you with 3.5 million ozs, or the discovery of yet another prolific hinge zone.....Payup suckers!!!

FROM GATA

"As mentioned for at least the last $80 in the move up, IT IS SO BULLISH! This is a trade right now that the general public and Planet Wall Street want no part of. Instead, it is the smartest and largest money in the world which has quietly stepped up to the plate (like hedge fund manager Paulson) and buying all they can.

Not only does the average Joe and Jane in America (AND CANADA) not want to buy, they can’t wait to sell their shares on every rally (just as they just went more short gold futures in one week that I can recall). That is certainly the case with the smaller gold and silver companies. It is bizarre. The more the prices of gold and silver go up, the more many investors start drooling to dump their long held positions.

They are CLUELESS and there is a reason for it. Most of the pundits and analysts have been, and are, neutral to bearish in their projections for the prices of gold and silver. They have been wrong and stay wrong. The worst of all are the supposed experts like GFMS. Then you throw in the widely followed Nadlers and Gartmans of the world, and it’s not hard to appreciate what the smaller precious metals companies are up against. Investors in the shares of the those companies are selling before gold and silver get blasted again. At least that is what they are doing if they are listening to The Muppet crowd and many of the so-called experts on gold and silver.

One day, and in the not too distant future, this will all change, with 100% gains made in months as the gold/silver share investors go on a selling strike and the general investing public pours into our tiny market cap sector.

Market tops are not made on all-time high closes when there is so little fanfare. The outlook for gold and silver to go MUCH MUCH higher could not be brighter"