Personally I have resigned for now, I don't think we will go much lower but I can't see any upside until

a) senior gold producers actually move up

b) general market also gets better at least in terms of confidence and credit

c) we get a really good hit(s)

or

d) we become a takeover target

I am confident that eventually all of the above will happen, but it would not surprise me if we have to wait for months

The general drop in share and housing prices around the world as well as increasing unemployment, have decreased the available cash and confidence of people.

Juniors will remain cheap unless the majors smell better times and risk starting to take over small and beaten up juniors with good prospects.