In this bull market, the shares of Tyhee will look cheap at $3. Why? Because, AEM will be at $300. AUY will be at $100. Goldcorp will be $200. And they'll start bottom fishing. Geez, I can't afford the $200 gold stock. I could only buy 5 shares. But what if this $3 stock goes to $100 like Qualcom did in 1999? Visions of tech bubbles dancing in their heads.

We have to remember that we may not even be in the Second Phase. Most people still can't spell gold. They see a sell-off like what just happened recently, as a confirmation that gold is crap and everyone should just buy a house and forget about it.

In my buying that I've done recently, do you know who has been selling their shares? Little guys with little odd lots of shares. 365 shares, 220 shares, that sort of thing. How sad.