Stephen Leeb said on King World News on (8/2/2012):

". . . Gold is now off its lows, but junior gold’s are up. That’s a very positive divergence because when gold goes down, typically junior’s are the ones that take it on the chin. So to see them up (today) is kind of unusual and it suggests that investors are looking for a way to get into the gold market. As I’ve said before, I think the biggest rally most of us are going to see in our lifetimes will be in the junior gold stocks. That’s where the gold is and we’re going to need the gold in this world, there is no doubt about it. You are going to see sensational gains in these stocks. . .” (end quote).

Memo to Mr. Leeb: PEM is one of those places where the gold is. Additionally, the usual annual gold season is hopefully coming our way soon.