M, Your questions about capitulation are good ones. But I challenge you to take on a new way of thinking. Gold is not falling. Gold is the standard. In medicine we still use that term for a test that is the most perfect measure of the functioing of a disease process, i.e. the gold standard. Simply put, gold cannot be falling against anything. The dollar is just rising against gold. When you think in this way, the situation is easier to analyse. Why? Because when gold is "falling" against the dollar, you are tempted to analyse gold, i.e. "What's wrong with gold?" This is the wrong question, because, quite simply, nothing is wrong with gold. Nothing can be wrong with gold. It is perfect, indestructable, the essense of money. The better question is, "What is right with the dollar?" The answer is: Nothing! There is nothing right with the dollar. It is easy to make. There are too many of them. The nation that backs them is getting weaker sinking into greater states of moral decline all the time. Therefore it's rise must be an aberration.

If you can reach this conclusion, then you also can know that it's rise, like a flaming arrow, cannot continue.

Of course Copernicus was nearly put to death for questioning the Ptolemaic depiction of the Universe, i.e. that the sun orbited around the earth with his crazy ideas that the sun was at the center of a solar system. So don't expect your co-workers to applaud such concepts as this.

And also, the flaming arrow has been going up for a long time it seems. Especially as measured in dog years. You could have made alot of money not being invested in gold over the past generation. But you have been wise to keep watching gold all the time to see when the real money was going to be called back into the game from the bench, so to speak.

Even now I get caught up in saying, "gold is on the move" But gold is not on the move. Gold has always been right there in the same place as we have been placing imaginary things around it. Creating our own prideful reference points. Playing Monopoly with real things.

Gold mining stocks... We're going to make a fortune. I defy anyone to show me a better value than Kimber Resources in the world. Nothing can compare. Nothing.