Point 1: A great deal of price risk has been removed from the better junior miners and explorers. The sub-sector is a bargain target rich environment.

Point 2: Bear markets do not last forever. A 22-month bear is a very, very long period bear.

Point 3: The cure for negative liquidity is negative liquidity. Prices become so low that insiders, deep discount specialists and Vultures with long term time horizons are willing to accumulate in size. They believe that markets are cyclical and it is only a question of time before the better juniors once again become more popular.

Point Last: Tax loss selling and Fiscal Cliff worries are about to end very soon. Junior company prices are, in many cases, Ridiculous Cheap (a GGR technical term). Absent an unforeseen black swan event, the CDNX is primed for a major reversal of epic proportions in our view.

Possibly in line with or even exceeding the 2009-2010 bull which followed the 2008 Panic.

Read more: http://www.gotgoldreport.com/2012/12/bear-market-for-juniors-now-at-22-months-reversal-near.html