From King World News : http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/12_Embry__China_To_Import_A_Staggering_775_Tons_of_Gold_In_2012.html

Embry had this to say regarding the mining shares: “I was just chatting with a very disaffected mining share holder who has been getting killed in these things, and he just can’t believe how badly they have performed as a group.

I think there has been interference in that market as well, for the express purpose of keeping the public away. At the same time, the hedge funds have seen easy money so they have been working the short side of the market. You have had a perfect negative storm for the mining shares.

So the shares remain amazingly cheap, even though there is some interest in the larger vehicles. But the juniors, by and large, continue to languish. I believe I will be proven correct on the gold bullion price. When gold moves up sharply in the next 12 months, that will finally unleash the gold shares.

The shares are way behind the bullion and they will play catch up. Traditionally, in a gold bull market, the share prices move at three times the speed of the gold price rise. This time they are starting from a much lower level, so I’m very optimistic these things are going to be terrific investments, and nobody owns them anymore.”