Well you said it Gold88888, an extreme and pessimistic view. It far to extreme for me and I simply don't accept this premise at all that management is in cahoot with the cartel. Does the cartel want your gold shares or gold ounces in the ground, maybe, after they corner all the above ground stocks for which they have lots of competition now. Maybe they have gotten all the easy above ground ounces now available and have started on the next phase of the plan to steal precious metals equities as the route of least resistance given what thye have done to all PM investors in mid-cycle, certainly this is possible and maybe even plausible.
I don't think anyone I know today could have guessed or predicted the sheer low valuations of precious metal equties versus the physical price of gold/silver, it is really shockingly low. But they will not get my shares even if they have made it very painful and weary to stay long. I am as confident as ever that those who persevere and buy right can make huge money on precious metals equities going forward and I'm equally sure that there won't be a lot of successful traders as they will be left behind if they are not careful.