Bob: The price action in the PM bullions is phenomenal! You have picked up more PM stocks.

So far, PM stock SPs have lagged the bullion prices considerably. What are your thoughts on this? Can you reference any good current analysis on this topic?

For me and I would assume yourself and many others, investing in stocks has distinct advantages over bullion, chiefly the storage issues. But until the stocks reflect the rise in bullion, those advantages are meaningless.

Looking forward to your comments and of course, anyone else with views on this issue.

O.F..