Hi George,

you wrote:

gold is dropping like a bomb. Better to be just sitting here, locked and loaded, rather than hoping for drill results elsewhere, in order to buy back in.

While I agree with you that the last 2 days gold has dropped a fair amount, fear mongering as you did ignores the real facts that even after this heavy correction, gold is still up 9% for the last 30 days and 43% for the last 12 months. I would really like to know what central banks would rather hold, gold or currencies of highly endebted countries-there lies the tough choices. I still think gold and gold equities are a great place to be positionned right now.

Glorieux