While gold and silver are tracking down, juniors are doing fine. Larry had been wrong twice since beginning of the year. He was bearish at the beginning of the year but when gold and silver went to all time high, he turned bullish. Now he is bearish again.

I am weary about all this cycle stuff. Fundamentals are great for gold and silver.

The key now is to ensure that adequate protection are there for a sudden downturn before the precious metal comes back with a roar again.