pic.... I heard all the non sense of Gold going to $2500 an ounce ..Silver $50 an ounce. Just think of the people who bought GOLD at $1900 an ounce and are sitting at $1200 an ounce. These people bought into the $2500 an ounce bet. I actually dumped a few coins at $1400.

Since Bernanke said we are going to stop buying bonds. The result was Gold dropped nearly $200 an ounce. Interest rates are creeping up again which stems off inflation. My house is at the level I bought in 2004 and I bet I could get more money since the housing market is in a short supply and demand is high in the Bay Area. Indians and Chicons are buying everything up.

Stock market is back up to record highs..... so I am expecting a drop in gold and not increase in the coming months. While PQ fiddles, SFMI burns.....still no drills. We are two years overdue.

I am curious what happens the next couple weeks with the mill, GHDC and SFMI. If rumor is true, GHDC will be sitting pretty in the long term. Company will have merged and diversified their position in the public trading arena. SFMI will have a backer and expert in the mining area to bring drills to the mountain to create a 3-D map and show gold/silver for everyone to see.

Let's hope this all pans out....or I would write off SFMI and GHDC as a loss..JMHO!!!

BTW...on this board a few months ago..I called the low of Gold .. $1000 an ounce. That would be the bottom as oil's bottom now is $70 ..but today its $95 ..

We will never see oil at $30 a barrel and Gold at $250 an ounce.

http://www.cnbc.com/id/15839171

Bring on the DRILLS ...