Great to see a thread where we aren't fighting off the wolves so to speak.

Interesting developments regarding majors taking juniors down earlier than before which could be meaningful for the sfmi's of the world:

This from the Coffin brothers

"The announced take over of Underworld by Kinross speaks to the potential boon coming. Kinross must have decided that waiting for the next few holes at Golden Saddle, which could add enough resource expansion to bring more bidders in, was not worth the risk. They are willing to pay full price for what is on the table now, and give UW a decent premium to market, even though not all of the detail they might want is laid out yet. In the process Kinross has made itself the most logical buyer for others who may be successful this summer in the White River region.

That is a theme that has played out a number of times recently, and that we expect to see continue. It has always been true that the most coveted discoveries are those that can open a producer to a new district scale potential. It’s getting tougher to find that kind of potential in comfortable jurisdictions"

Here are thoughts on this development from another gold bug:

"Kinross pulled the trigger on taking over Underworld before they could release any more good drill results. This way there were less bidders to bid against. With all of these developments in regards to the naked short selling of gold and silver the junior explorers with a bona fide discovery are going to be taken out sooner than later as the threshold for drill results has dropped precipitously before a major will make his move. Most majors are hurting for reserves on their balance sheets as gold production is a depleting asset. If there's nothing in the pipeline you're toast! This is due partially to the lack of viable discoveries in mining friendly countries and the naked short positions in gold and silver. The bidders for these projects are no longer limited to the gold majors as the JP Morgans and HSBC's of the world are now going to be looking for hedges to their short positions. They can't buy gold in the open market lest they run up the gold price and their collateralization requirements for their open short positions which are enormous bankrupt them. They need to buy gold production. After those CFTC hearings last week the vultures are going to swoop in and buy paper gold and demand delivery. The actions of the crooked banks will be put under a microscope especially during options expiry, non-farm payroll reports, etc."