By June at the latest and maybe much sooner, we should have seen the final bottming in both gold and silver and the shares. SFMI is coming out with solid, good news at the right time as we position for the the next spike up. Being a producer is the leading indicator now for primary investment in any of the JPMs. Having significant high grade ore on hand, in the shafts and adits, and proximal to the existing infrastructure...as well as the new claim areas is remarkable.

In the meanwhile, the background news is positive indeed...a possible small glich before heading much, much higher.

The latest consensus from many quarters is cautioning gold bugs to be aware that there could be one more final drop in both gold and silver, to about the $800- $850 and $10 areas. Of course there are varying opinions about the exact prices as the PMs bottom for the last time before this next leg up to $1200 -$1600 in the long term gold bull that was born in 2000 at about $250.

The $US may be in its last spike up due to many factors but one is that dollars are needed by hedge funds liquidating loss investments. If the dollar breaks out to the upside, in a last gasp, bearish rising wedge, gold and silver will be hit as hard as possible…giving the shorts one last chance to get out….both in shares and paper. No wonder Nadler, Gartman and friends are making negative predictions as the Cartel fires up all the muster it can here. Gold may break below its 200 day moving average igniting a decline that should be short lived….but could be dramatic….before it rallies big time.

If silver cannot maintain its support at the $12 level, Maund thinks that it will decline severely into the $10 area before it breaks to the upside from the “cup and handle” area. The long term looks very bullish for silver as this “cup and handle” formation is completed.

Last night, Jim Sinclair reminded us of the present turning point in gold starting with the events of April 19th and a date in June that “lead to the perfect turning point action in gold, even if the dates are a few days off” and thinks that “June is actually much more important in the grand scheme of things.” He thinks $1650 gold “is a given.”

Geopolitical events forthcoming will shake the world up. They include Pakistan/Taliban, Israel/miscalculation, Turkey/victim, Iran/provocation, Afghanistan, Iraq…going into the summer and Fall.

And all that is just for starters. Got gold/silver in the ground/tailings/claims?