I agree with your assessment Andy. I knew it would take some time, however I did not think I would be in the negatives on my PM equity investments. I thought that as gold and silver rose in price, the PM equities would follow their historic valuations and at worst we would be moving side ways. My average was $1.87, however I have been adding a few more shares at these lows. Not enough to make a big difference to my cost base, however it makes me feel good when I buy as a mental confirmation that I am right (or stubborn). The key to this situatuation is all dependent on the price of gold. There are many reasons why gold should be higher, however it is becoming more obvious every day that all markets are being controlled . Naked shorting used to be a crime, however now with high frequency trading and derivitives it appears that anything goes in the casino.