Pardon me for talking about hand-wringing and such today. I didn't mean to come off so flippant. What hang-wringing there's been has been for good reason. Everyone is feeling the stress, including me.

I remember a while ago I sold some KXL at 1.61 and gamblor really crowed about scooping it from me (he didn't know they were mine). I was in the dumps for a few hours after that! So I can imagine how it sounds to hear someone pick up shares at 1.2x.

So pardon me if I sounded a bit too breezy. Yes, the stock has been in the dumps.

Phelps' buying does show his mind. 10k shares obviously isn't enough to move the market. He must truly have thought it was a bargain at 1.38.

The volume towards the close today was good. It was confirming the up trend at the end of the day.

The Olympics has been a huge distraction, and the summer doldrums is a tough time.

But everyone is getting into "back to school" and the Fall season. The mentality will change. People can't be disinterested in mining forever.

It's hard to hang in there. But that's what is called for. Every day that goes by brings another story. A company with cash in the bank and every other good thing has a certain limit at the bottom. The mood will change, not because we wish it to, but because there are plenty of good reasons for it.