Fantomas,

We are seeing this the same way. For all of us following gold for the last few years, this comes as no surprise. We are now sitting at $1745 as I type this. The fear in the market is palpable and we can see it with historic increases in gold prices. What I find fascinating, is that this large increase was done based on investment demand almost 100% and none based on US dollar weakness. The US dollar has stayed strong the last few days.

This will not last! The US dollar will get a big run on it to the downside and this will support gold at even higher prices. Based on how strong this movement was today, my target of $1800 by Christmas will most likely be on the low side. However, if I owned some serious bullion, I would be selling 25% and buying quality juniors with that money. The market has not given juniors anywhere the price they deserve in this gold environment. Our time will come. If we have assays like I hope, I agree with you Fantomas, 50 cents easily is my target.

Does anyone know of a gold junior index? I would love to monitor this as I believe it may take a few days to a few weeks but this index should start to move soon, then watch out!

Hopefully GAX's assays are on time by the end of August with good grades just as this index is starting to move.

Glorieux

PS: To those I was supposed to call tonite for the golf tournamanet, I apologize but I ran out of time, will try again tomorrow night!