When asked about the poor performance of the mining shares as of late Turk responded,

“One of the key themes at the GATA Conference here in London was how undervalued the gold and silver mining shares are at the present time. Sometimes you need a lot of patience Eric, but rarely do you ever go wrong when you accumulate undervalued assets and wait patiently for their potential to unfold. That is exactly where we are in the mining shares at the moment and I remain very bullish about their prospects.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/8_Turk_-_Fed_May_Announce_QE3_Now_Creating_Gold_Explosion.html