Jeff Clark of "Big Gold" states, and I quote, "The supply/demand picture for gold is getting tighter every month... Older mines are playing out, rising costs threaten the marginal operations, and large new deposits are simply not being discovered. (Biswsett an exception!)Yet demand in all categories is up – industrial, jewelry and investment. And the potential for investment dollars to flee to gold is tremendous; consider that the sum total of the world’s paper financial assets (including equities, bonds and bank deposits) equals US$74.5 trillion. Yet the value of all physical gold held by private investors and central banks is just US$1.1 trillion. A mere 5% of that going into gold would be $3.725 trillion. What do you suppose that would do to the gold price?

When gold reaches $2500.00/oz will you be happy with your position in Equities (gold or PMs)) or bullion?

House prices, the Dow, (general equities) the US$, CDOs etc are dropping faster than Brittany's drawers with no let-up in sight. The flight to PMs will soon be panic as the "drawers blow off" the price of gold/silver!

Storm clouds are gathering!

The Jr gold markets have taken a relentless pounding for at least two years! SAN, no exception. A rebound is imminent.

The last shall be first, the first, last!

RUF