...here is a partial reminder of a previous post. The game will change. We have been under the same old for far too long and time is now on the side of the JPMs.

"... The acquisition binge is coming as the big majors salivate for additional resources and the share prices of these targets will rebound so violently that the shorts will get caught offside and suffer huge losses. There will be selective acquisitions that will erase low prices. There will be a mania for shares as the deflationary mindset changes to an inflationary one with the $US falling through major support levels. PM/JPM shares have a long way to go to reflect true value. The XAU/gold ratio is back at 2008 levels when gold was near $700 during that credit crisis. Many shares are trading down at those levels now with gold at $1500.Who sells such extreme value??? The more they sell the lower the price goes…and the more supply is curbed, demand is increased...and the lower the risk for the buyer. So, shares that buy gold at $1000 when the spot is $1600 are a huge discount to the price of gold. Chinese and South American miners and explorers are most attractive now.

The seventies in comparison were child’s play…a modest dress rehearsal for what’s coming. The demand today for gold is extraordinary as gold is devoured at the discounted prices the shorts have created. These shorts have created bargains in companies that they don’t realize. This secular gold bull has been a painful nightmare for shareholders.

We are approaching the late nineties tech phase in the PMs/JPMs…the Pac Man phase. Management must have a majority of shares outstanding or adversarial acquisitions will happen as the companies are sold…so DD is crucial.

Shareholders must remain centered here as prices have been slaughtered by the hedge funds that have created bargain basement prices for gold.