It's why we are still here right?

D

Embry had this to say about the mining shares: “You go through these periods where markets become extremely irrational, and it looks like they are going to fall every day, and there is no sort of reality anymore. I remember, it’s been 38 years, but I remember it as if it were yesterday, the 1973/1974 bear market in US stocks. We literally would go to work wondering why we had jobs.
Why would anybody pay us to just witness this ongoing decline (which was roughly 47%)? It was beyond depressing. When you have seen these things before, you realize that if you understand the fundamentals, it’s a great opportunity.
But, until you’ve been around for a while, you don’t look at it that way. Most novice investors don’t understand this and so they are puking up the mining stocks because they just want out.
The quality mining shares are dramatically undervalued. The value is so exceptional. I just read one piece that said ‘in the last 100 years, this is one of the 5 best buying opportunities.’ It’s amazing to have this opportunity, considering how great the fundamentals for gold and silver bullion are.
At this point because of the lackluster price action in the shares, most people are abandoning them and the sentiment is remarkably negative. This is when you want to buy, when sentiment is negative and fundamentals are astoundingly positive.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/1_Embry_-_This_is_What_Im_Doing_with_My_Own_Money_Right_Now.html