Hi Investlots!

I think the issue right now is that speculators are impatient. Its that simple. They want action and they want it now. It seems like absolutely everyone in the sector is expecting gold and silver to go back and retest the 200ma which still leaves downside ahead, and just about everyone expects that its time to sell in May and bugger off. So that is why there is so little buying interest and a handfull of people that are going to just sell out now no matter how bright the upside potential may be. Not just KXL but across the board.

I own a PF of about 50 juniors. They are all getting crushed right now. Some gave up 25% this week alone. Good news or not, it doesnt matter.

If people are willing to look down the road a bit, then I think most would agree that the gold is going to go a lot higher and stay strong for several years. I think most people that know the story will agree that KXL has a legitimate shot at a big discovery. But that is going to happen over months and years from now, not next week. So the specs sell and go chase whatever the hell is hot right now.

I do not think there is any reason to believe that KXL will not go on to get hot as hell and set new highs. I heard from a lot of pissed off people last fall that were telling me they had KXL and sold it for a loss. TOUGH! You people that are impatient sellers have no right to bitch if you miss out when the story gets going again. A few months of flat trading ahead? ...maybe? And they cant just wait and hang in there? Tough...

cheers!

mike