To all; we really have quite the set up for Gold to power much higher from here. The sentiment is horrible at best yet Gold has broken to a new high. I don't believe we have had this set up one time in the last 10 years. Generally each time we made it back to a new, high sentiment was already turning bullish which allowed the short cartel a chance to pull the rug out. The shorts must be staining their pants this time because sentiment is very poor, they are more short, the "paper diversions" have and are being spotlighted and physical supplies must be running low as evidenced by the IMF mobilizing its Gold.

Yes times have changed, in the past the IMF would bully the Gold market by announcing potential sales but now they are leaking ounces on the sly and only have maybe 25-30% left of what once was supposed to be their knockout punch. At the same time CNBC has all their anchors screaming BUBBLE! at the Gold market which is really funny because the fundamentals are so strong. You never ever heard bubble and either the words stock market nor real estate mentioned in the same sentence but now you cannot hear the word "Gold" without "bubble" echoing in the background.

It is also humorous to watch these CNBC bozos scratch their heads as to why Gold is moving along as it is. Larry Kudlow even threw his arms up in the air and said "maybe the entire world is going bankrupt fiscally". Two words for Larry..."ya think?". He actually has the answer and spoke the truth, he just doesn't know it yet! He along with 99% of the rest of the world will apparently be shocked when their "sneaking suspicions" turn out to be correct. The problem is that governments bankrupting is such a horrific occurrence and so unbelievable that no one wants to believe reality. The old saying "the truth hurts" is more relevant today than it ever has been.

The mining shares are finally waking up after a 4 year hiatus that took us on one hell of a painful ride, For those of you who can remember the multiple 3-6 month explosions earlier in the decade, we are set for another one now. The juniors in particular should run like scalded dogs once the shorts and investors in general figure out that $1,250 is now the new floor for metal in the ground. It has been an ugly 4 years for the juniors but their time has finally come and those that held on will finally rewarded in wild fashion in my opinion. Going back to the CNBC boneheads, how can we be in a Gold bubble with the juniors so undervalued? The answer is ...we can't be.

Yes, the spectacle is about to begin. Anything and everything Gold or Silver related will be gobbled up and stashed away. Unlike the dot-com bubble, mining companies cannot be created at will and must at least have property with prospective metal. Another barrier is the amount of capital required for a mine, the dot-coms could be started up for $19.95 with a domain name and a business plan on the back of a napkin! Back then it was greed and now it will be fear. In my opinion the coming mining share explosion will be greater than anything ever witnessed for the simple reason that fear is a far greater emotion than greed and there is just not the space available to accomodate the coming refugees! Have a nice weekend and Father's Day. Regards, Bill H.