I believe it was mentioned once before in a discussion about risk. Rising gold prices are good for us but only to a degree. Bubbles do burst. Further more and most importantly, we need a reasonably stable economy. If the American economy goes into convulsions, yes gold will go even higher however I think that would be very bad for us. Our gold is still in the ground and not in a vault. To extract the gold will require a huge capital investment and those are hard to come by in turbulent economic times. I experienced this personally. My previous investment in a junior was CTQ Corriente Resources, a copper play in Equador. 2008 basically stretched out the development and sale of the company by 2 years. I did great when lots of investors lost money but time seemed to stand still.

Now we are in the regular Oct market jitters. Possible QE may calm OR inflame the market. For all our sakes I wish for a period of calm until the potential sale of Tesoro closes. Remember, the pendulum always swings too far and at either end money freezes in place. Rising gold may seem like a good thing but the cause may also negatively affect us.