In what may be the most significant two paragraphs I have read in a long time, Jim Willie has put his finger on the factors will drive our investment to unimaginable levels in the fullness of time.

"For the first time in history, fast rising Silver Eagle & Maple Leaf sales will surpass domestic silver production in the United States and Canada in 2011. This is a very significant milestone event. Declines have picked up speed, as US silver mine output declined a staggering 30.5% year from October 2011 to October 2010. According to the USGS in their most recent Silver Mineral Industry Survey, silver production fell to 81.4 metric tonnes in October versus 117.0 metric tonnes at the same time last year. The most prodigious state, namely Nevada, suffered a much worse 40.6% decline in the same twelve month period.

Next consider the demand side of the equation. The American Silver Eagle sales surpassed the total US silver output in 2011. Remarkably the US silver production has declined fully 50% since its high of 70 million ounces (moz) in 1997. The current American Silver Eagle demand has grown from a miniscule 3.6 moz in 1997 to a hefty 40 moz, overtaking the domestic mine supply. Industry has demand for silver too, big demand, diverse demand, irreplaceable demand. The same massive growth in coin demand has occurred in Canada. The demand is spurred by recognition of acute monetary inflation, failed central bank policy, ongoing currency debasement, unfixable bank system insolvency, ruined housing market, grand fraud episodes, and a global USDollar revolt. These factors are sufficient to fuel the silver bull market for another several years."

WOW. Read this again, and think of the implications regarding WEM. Events are occurring more quickly than we think. We are one "shock wave" from blastoff. As a matter of fact, blastoff may have already happened. The metals are moving up with force, and certain stocks have lifted off nicely as well. Companies announcing nice drill results are seeing bigger moves up now than in the recent past. These massively undervalued stocks, as a sector, can't be too far from getting a bid. Two close friends of mine have just this past week made their first precious metals purchases. Unsolicited by me, they have asked my advice on what and where to purchase. The camel's back is buckeling, straining under the global forces of greed, corruption, incompetence and mismanagement. Get ready folks. It's coming, later than we thought, but much too soon for most.

Best Regards,

Ag