Good article Paul - read it with interest. Also about LIRAs.

From the article -

The China angle is definitely true - they will move ahead, with or without the U.S. That shows in the price of oil - traders expected it to drop, but the demand from China is keeping it up.

True also about the certainty of metals exploration stocks eventually rising after the producers rise.

I take the article with a grain of salt as it's posted on Kitco, whose commentators tend to be gold permabulls. And I do think the U.S. financial crash isn't in the growth figures yet, which always lag by a goodly period. I do think the markets will tank even more, with some false rallies. Never in history has an economy sustained a 6% or greater current account deficit, and the US is closing in on 7%. It's a historic turning point, a huge drop.

I am hoping and trusting that KXL weathers the storm. Some good stocks always do. During the 30's, Homestake Mining went upwards through the roof, for example.

all best / thanks for the article / cedar