I spoke with Embry this afternoon about a number of topics and I find him to be reasonable and credible in his assumptions and his outlook. I think people would be wise to consider carefully what he has to say, and perhaps to pay less attention to some of the other divergent opinions that are so frequently expressed in the mass media. Lets not forget that Embry was one of the few gold analsysts that stated that the metal would trade above $500 early in this bull market. In hindsight of course we know that was conservative, but at the time it was considered ridiculous by many. The idea of $100 silver today is seen in a similar light by the mainstream clowns. Wait and see is all I have to say...

cheers!

mike