For about a year now, Bob Hoye has been consistently saying that, as markets decline, Gold Juniors Will Soar More This Year Than They Have in Decades.

Ron didn't seem so convinced, as he posted this question here earlier this week,

"I would like him to be correct but my portfolio or more than 50 juniors says he is wrong already. No gold related index I know of is going up. How far are the markets supposed to correct before this miracle of inverse behavior is supposed to start?"

As promised, I emailed Ron's question to Hoye, and today on Howestreet.com, minute 17:15, Bob addressed Ron's concerns.

Bob said he sees a rebound coming in stocks next week. And he added that the "play on the juniors will develop over time when eventually you'll get to the point where any junior gold stock will be moving up. But we're not there yet, it's just in its infancy."

(Note: Hoye said last Fall that the junior gold companies would be partying sometime this Spring. If he's predicted this correctly, that'd be about right for Tyhee and me, since I expect a robust economic study coming out of Yellowknife sometime before this Summer, and with that, you're all invited to my party here in Buenos Aires. Malbec's on the menu.)

Cheers,

Baires