Found this posted on Gold is Money Forum in a transcript of the Big Picture with Jim Puplava and Eric King:

So like I said with the Danny Day Trader, they’re going to be buying something that’s hot, Jim, and then when it’s weak and the commercials have taken it back down, they’ll shake out a little guy like that and they’ll lose money, they’ll get discouraged with the gold and silver market eventually and go away. You know, that’s not the way to play these kinds of markets. And look at the situation for you, Jim. You financed Aurelian Resources. And you and I know Keith – a great guy, stand up guy, solid in the gold community, wholeheartedly believed in what he was doing. But Jim, not to knock you, but you did the financing in the 2 zone on that, and then the thing just got cratered – not because it was not a good company or you were wrong to pick the company – you made a great pick. You invested with Keith which was great management but the stock got knocked all the way down from 2.65 Canadian – and that was a funny thing because I said to you, “I don’t know about financing this thing, Jim” because we were at a convention and you know, we got Patrick falling through the booth with excitement, and it was kind of a funny deal. Then we remember later when the stock got cratered the almost depressive attitude at the next convention, and it was like, “okay, it’s getting good again.” So it had this big pull back. The commercials – no matter what news they would put out, Patrick or Keith – they would short the stock, they would knock it down. They got down all the way to 40 cents Canadian. And the rest is history. The stock goes up to $40, and they make a great gold discovery. So the bottom line there for people is it’s better for them a) to be in a fund if they’re not professionals and b) to basically take the emotionalism out of the situation all together. Whenever you’re going in there, whenever you invest, invest for the long term. Don’t be thinking about a week or a month or a year, you’ve got to think several years. As long as what you’re in is quality and the management is good and it stays quality, stay in it. What about the guy who invested in Aurelian, Jim, who gave up on it and you know saw it go from 40 cents to 40 dollars. And that happened to some people. So you have to be able to remove the emotionalism there and basically stay in the long term, stay in the quality. [48:21]

We just need to be patient and stay long!

Here is the link for the entire transcript:

http://www.financialsense.com/fsn/BP/2007/0721.html