Miner,

Well-said.

Do you ever wonder how these Fast Money experts remain solvent if they're following their own advice?

Terranova last week, just ahead of the gold spurt, dissed gold and proudly proclaimed a short-gold, long-oil pairs trade.

Adami reiterated that he will "never" hold gold. At least he didn't trot out his road-worn metaphor that gold "takes the escalator up and elevator down."

"Commodities King" Dennis Gartman has gotten on the gold bandwagon only after years of shorting ahead of rises and buying ahead of declines. But he's limiting his buying of gold to that denominated in things such as Pound Sterling.

It's not just FCX, these people love to recycle trades from previous weeks for their quick-hit recommendations in all sectors at the end of each show.

I truly do think of them as one of an assortment of contrary indicators. It's so bad that a week or two back, after one of them had something positive to say in the way of a recommendation on precious metals following a big up day, my wife predicted a big decline was in the offing. It came to pass.

Your last point hits it exactly. Majors are making huge profits at the current gold price and arguably will be accumulating war chests to spend on takeovers of juniors. This activity will draw others into the fold and the relatively minuscule market capitalization of the gold sector should mean large rises in share price.