....all great posts this morning with Ouri kicking off with some positive points.

As long as I have been losing money in this sector I have still learned a lot from many educated investors... and as Garick says, most others don't take time to do any DD. This is a common theme in many other sectors, such as the biomed industry for example. Progress, even for those with the best potential, always takes longer than expected. I am trying to refocus on that and be more patient. however, in this PM industry, I don't think we have much longer to wait.

The very best analysts and experts in the PMs have all been fooled and wrong on their understanding of how powerful the market manipulators have actually been...and i havve followed theiir advice for many, many years. So, what we have in this JPM market is a sort of intense, superficial compression of real value. Some JPMs have values no higher than way back in the 1970's when gold was a few hundred dollars...absolutely incredible. It simply can't last much longer and I'm guessing this second half will be a real barn burner as we approach into Sept. and beyond. Market sentiment in the PMs is about as low as one could ever see. This alone is a very positive sign and more often than not presages a very nice rise in share prices. By the way, you will note the media campaign to dis gold has reached flood stage ...whilst all the 'experts' are suggesting gold ETF's again over any particular gold miner...a very worn out plot.

The only caveat I have is that I'm not sure (who is?) how much paper clout the cartel still has over the overwhelming physical demand coupled with the fact that much of the world's gold has been sold in to the vast Asian, Chinese. ME and eastern markets as well as to large soverign funds, governments and literally millions of wealthy individuals all over the globe...and this has now been going on for years. The Rothchild's, probably the biggest holders of gold, got out of sitting on the daily gold fixing price in London years ago, knowing what was coming. London and the US, once the global powers in the gold markets have ceded their mantle to the East...buying tie for over 40 years once Nixon closed the gold window iin 1971. The US dollar had to be king and gold became the enemy of the US money priinters.

Just how much gold the US has in its vaults is highly circumspect and has been for 20 years. The suspicion is that the US has sold and leveraged a hundred times, all of it's gold as well as the gold it holds for many countires such as Germany. It is also suspect that the bullion banks have done the same and even gone so far as to have sold off stored client's gold...also client's from other country's banks (such as Scotia Bank in Canada) that was shipped to NY vaults for storage. It goes on and on and may become the biggest scandal ever with respect to fraud. Barclays anyone?

So, back to the SFMI's of the world. The 'fledgling' junior with the big deposits has built a strong base for launching. The time will soon come when all those ounces in the ground will be a beacon for investors as the market psychology turns from short term trading to potential cash flow and valuing ounces in the ground. Speculative investing will soar as the juniors with real deposits, financing, infrastructure and drilling results come into focus. SFMI at 3 cents will be a ten bagger many times over the next few years. At this stage in it's build out cycle, going back to 1980 when gold was $800, it would be trading at several dollars. That time is about to come again starting this Fall. The ride in the JPMs wiill last for years as goold goes to $2000, $3500 and beyond. As far as silver is concerned, just to hit the historic average of 15 to one ounce of gold, it will rise to $100 to $230...and even higher because there is virtually no silver inventory on earth and demand will far exceed supply. 5 years from now we will look back in astonishment at the SFMI's trading at 3 cents.