I have been absent for a while and am just catching up here. I listened with great interest JS interview in KWN, if anybody hasn't listened to this they should.

One thing I took away was the understanding that the PM miners are not at the level of PM's because the majority of the investing public doesn't think the prices of PM's are sustainable. The stocks are trading as if there will be a large permanent correction in the metal. Even the miners think this, as they are gunshy of giving out hefty dividends with the large profits some of them are making. Some large miner will have to shift this by paying something substantial, in order to drive investors away from the ETF's into something with more, more upside, more cash. Until this mindset is reversed, everybody is offsides with us and is playing the short.

Another point is that the miners are reluctant to pay hefty dividends because they are thinking there will be a crash and they will be able to deploy their cash buying up resources for pennies on the dollar. And I will just make an assumption that there is so much mistrust and confusion out there in the twilight zone that many are frozen with fear like deer in headlights.

Sinclair is also spot on with his ways to undermine the shorters. The more I listen to him the more I truely respect his wisdom in this market.

I'd never thought of this problem this way before, and it makes sense to me.

Does anyone here really believe that PM's will make a permanent correction? I'm just being rhetorical, cause I know you all get the big picture better than 99% of the world.

We're in for a very rough ride, but hasn't that been our fate here? I look at investing in this sector as an act of revolution. Each ounce that we buy, each share, erodes the false premise of this system.

C