RE Sinclair said it here:

You are right! I stand corrected. I agree with GWTW's post (two posts newer than yours to which I am replying) that for someone who was in from the beginning it is a possible move to consider. Perhaps the proceeds could go into a sure-fire junior like Tyhee. But for someone who has recently entered the market it could be a foolish move as physical metal may not be available much longer.

The possible inability of a seller to deliver is the very reason gold goes into backwardation. The person who sells has a guaranteed profit on the transaction but fears he may not be able to get the real physical metal again so he shuns the premium offered and says, "No thank you, I'll keep my real gold."

There is no question that you are/were correct in your statement however and I both apologize and thank you for taking the time to dig that up. In this case, GULP!, I will choose to disagree with Mr. Gold. I won't be trading metal on the $1650 peak. Junior shares maybe... we'll see at the time.

P.