The financial world feels a little out of whack right now with this disconnect between the price of gold and gold equities. I keep telling myself that the market will have to give gold equities more value sooner or later when the earnings come in.

At some point, that will have to convince investors. Can you imagine what Q3 and Q4 numbers will look like if oil keeps going down and gold keeps going up. That means the cash costs would be going down while the revenues are going up.

I think the turn will start with the majors and filter down to the mid-tier and finally the juniors and explorers. When it turns, we will have a lot of catching up to do.

Bob