here is what Bob is telling in his INSTITUTIONAL Advisors update

Some have wondered why, in the face of another slide in the price of senior golds, we

have been accumulating smaller caps on weakness. Well, it is the only time that they can

be accumulated, and for bigger accounts it could take any number of months to get

positioned. Funds that can could participate by taking down financings.

........... As to small-cap golds – the party could be starting by

early in 2010 and rolling by this time next year. Always look to the bright side.